This is a quote by a famous person in the year 2000 when many experts in the financial world had written his company off as a financial failure!
"Three years ago our stock was $1.50 a share, today it's $30-something. There have been many, many days when our stock has gone up 20% in a day and if stocks can go up 20% in a day, they can go down 20% in a day."
The share which was at 1.51 USD in 1997 is today at 1,710.63 USD - more than 1000 times higher, a return of more than 100000%! The company has had its fair share of difficulties and has seen huge ups and downs over the past 20 years!
And the person behind the company which was written of as a financial failure is today the first person to cross a personal net worth of more than 100 Billion dollars in 2018 and in doing so became the richest person in the world beating Bill Gates to that position.
The share price mentioned here is that of Amazon and the person behind Amazon whose quote given above is Jeff Bezos!
The key is to believe in your self and what you do, with the focus firmly on the long term!
Reference:
Amazon.bomb: How the internet's biggest success story turned sour, 27 June 2000: https://www.theguardian.com/technology/2000/jun/27/efinance.books
Amazon Stock Price: https://finance.yahoo.com/quote/AMZN/
Jeff Bezos Net Worth Today: https://www.forbes.com/profile/jeff-bezos/
Dilip, cool post, this is a great example!!!