4,154 karma · joined February 20, 2007
chwolfe at g mail dot com
http://www.linkedin.com/pub/christopher-wolfe/53/812/869
Go Hokies!
"The basic worry that comes with having lots of money is no different from what worries everyone else. Whether you've got $100 or $100 million, you don't want to lose it. After we sold Broadcast.com, I hedged my stock with synthetic indexes, in case the market cratered in the six months before I could hedge my actual Yahoo shares. It cost me $20 million, but I protected what I had. Todd Wagner and I had a credo: "Pigs get fat; hogs get slaughtered.""
Example: Mark Cuban used options to guarantee he would be set for life no matter what happened to Yahoo's stock after they bought Broadcast.com for $5 billion (in stock mostly).
For a much broader view on things that don't really matter, check out:
"The basic worry that comes with having lots of money is no different from what worries everyone else. Whether you've got $100 or $100 million, you don't want to lose it. After we sold Broadcast.com, I hedged my stock with synthetic indexes, in case the market cratered in the six months before I could hedge my actual Yahoo shares. It cost me $20 million, but it protected what I had. Todd Wagner and I had a credo: "Pigs get fat; hogs get slaughtered.""
Note: Obviously meet with a financial advisor if any of this actually applies to you.