Today in market history, 2002:
Netflix raises $82.5 million in its initial public offering, with a total valuation of $300 million.
Blockbuster Video had raked in about $800 million in late fees that same year.
Netflix goes on to gain 15,000%, Blockbuster goes extinct.
Ritholtz
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Insights from the whole gang. Ritholtz is a registered investment advisor providing financial planning, advice, and portfolio management.
- Today in market history, 2008: Presidential candidates Barack Obama and John McCain agreed to suspend all campaign ads to commemorate the 7th anniversary of 9/11. They toured Ground Zero side by side and laid roses on the reflecting pool.
- Today in market history, 1975: With only three people employed in the company, The Vanguard Group begins operations. Today, Vanguard manages $5.1 trillion.
- "What the human being is best at doing is interpreting all new information so that their prior conclusions remain intact” - Warren Buffett
- The Melt-Up "However you measure it, tech stocks are on an all-time heater. This is one of the great bull markets we’ve ever witnessed. So now what?" buff.ly/bKDU0ja by @awealthofcs
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- Today in market history, 1994: Amazon is founded in Bellevue, Washington. It will go public three years later, raising $54 million.
- Another option would have been setting up a 529 plan. But this is cool too.Exclusive #BlackInkCrew sneak peek: DMX celebrates his 15th child by getting his son's name tattooed on his neck! usm.ag/2jy7wnH
- “Investment philosophy is really about temperament, not raw intellect. In fact, proper temperament will beat high IQ all day.” – Mauboussin
- Today in market history, 1995: The Netscape IPO kicks off the Internet Era, led by 24 year old @pmarca. Prices at $28 per share, explodes to $74 intraday.
- “One lesson from 2008 is that if it’s very complicated and you don’t understand it, maybe you shouldn’t buy it.” – Harry Markowitz














