Source: Fortune
Summary
Bernard Arnault, CEO of LVMH, revealed that he sold his Netflix shares too early, missing out on a potential $60 billion fortune. Arnault had invested $30 million in Netflix in 1999 and owned nearly 20% of the company, but sold most of his stake four years later. He also shared that he had invested in Apple and Google, but sold those shares too early as well. Arnault’s net worth is currently $157 billion.
Our Reading
The announcement sounds familiar.
Bernard Arnault’s admission of selling Netflix shares too early is a reminder that even the most successful investors can make mistakes. Arnault’s investment in Netflix was a significant one, and his decision to sell early cost him a potential $60 billion. This is not the first time Arnault has sold shares too early, having also done so with Apple and Google. Despite this, Arnault’s net worth remains an impressive $157 billion.
The strategy enters a familiar phase.
Arnault’s decision to sell Netflix shares early is a classic example of the “what if” scenario that many investors face. What if he had held onto those shares? What if he had invested more? The answer, of course, is that we will never know for sure. But one thing is clear: Arnault’s decision to sell early is a reminder that even the most successful investors can make mistakes.
The numbers tell one story.
Bernard Arnault’s net worth is $157 billion, but it could have been even higher if he had held onto his Netflix shares. The company’s valuation has increased 600 times since he sold his stake, and his shares could have been worth up to $60 billion today. This is a staggering amount, and a reminder of the potential risks and rewards of investing in the stock market.
Author: Evan Null
