Anthony Scaramucci Reveals $10,000 Amazon Investment Would Be Worth $16.5 Million Today
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Anthony Scaramucci shared a regretful story about not investing in Amazon in 1999, which would have been worth $16.5 million today. He compared the situation to the current state of artificial intelligence, saying it has a similar potential for growth despite skepticism.
Anthony Scaramucci recently shared a story about watching Jeff Bezos pitch Amazon in 1999. He decided not to invest after hearing Warren Buffett question Amazon's valuation. A $10,000 investment in Amazon at that time would be worth $16.5 million today. Scaramucci compared this to the current state of artificial intelligence, saying it has a similar potential for growth. He believes AI is at an early stage, with big swings and unclear outcomes, but is buying anyway. Scaramucci has lived through nine bear markets and has watched sentiment overshoot underlying conditions.
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