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But we saved everything 🙂.
A lawyer for Henry Ford was advised in 1903 not to buy stock in Ford, according to Jon Erlichman. Despite skepticism from a local bank president who said, 'The horse is here to stay,' the lawyer purchased $5,000 worth of stock. He later sold it for $12.5 million in 1919.
The remarkable foresight shown by Ford's early investor serves as a compelling reminder of the transformative potential within emerging industries. This perspective is reinforced by Jon Erlichman's analysis of disruptive growth trajectories, such as his coverage of Anduril’s explosive valuation milestones, and his examination of companies like Sandisk, which led a wave of top stock gainers. Taken together, these cases underscore how conviction amidst skepticism has historically yielded extraordinary returns.