I Met Charlie Munger and Discovered How Billionaires Really Think

3946.425 - 3967.833 David Senra

Can you double check to see if I'm right about this? They were doing 140 million a year in revenue and 39 million a year profit. They sold a million shares for $995,000 a couple months before the IPO. That's a fucking venture-backed, that's not a venture-backed company. They wanted the guy's expertise and they wanted to incentivize him for that. 1976, boom. 1986, yeah, there you go.