Walter Schramm
👤 PersonPodcast Appearances
I didn't cash that check. I wrote them that I don't accept their offer. I am sure the way Amazon is growing, their stock will be 20, 30 times the value of today in 20 years. So it's going to be a multi-million dollar package. And I'm sure... Then I'll find a lawyer who is willing to represent my children because it's worth his while.
Yeah, sure. I'm going to wait until this is worth two, three, four, five million dollars. So that's the plan.
If you believe in a company, you need to buy the stock and let it sit for 20 years. I mean, that's the philosophy of Warren Buffett. Go out and have a walk, enjoy nature, talk to your family. Don't worry about the stock market.
I saw nothing. The account was empty. So it was a big shock.
And finally they explained to me, there's a technical term that I don't remember, that my stock had been.
Yeah, something, terrible word like that, yeah.
It would have been nice, but I guess that's gone.
like coffee machines, pasta machines, coffee, ice cream makers.
I think it's a mistake to check the stock market. You know, it makes you nervous. You don't sleep well.
So they're offering me today to give me $8,000 for a stock that is worth way over $100K. $8,000 for stock that was worth $100,000.
I said, let's set up an account with E-Trade and buy a few Amazon shares for a few thousand dollars.