http://news.cnet.com/8301-13577_3-9994087-36.html?tag=nefd.top
I thought this article was interesting. It shows that it is entirely possible to lose money when investing. PodTech took approximately $7 million in capital and turned it into $500k. This is a hard thing to swallow, but its unfortunately the truth. Invests don't always grow, in fact, they typically fail in the technology world. I had lunch a couple of weeks ago with an investor friend. He said that when you invest in a tech company, there are two outcomes:
- A big payout.
- Zero.
His point is that there is no inbetween. These things happen.
Wally