Gary Vaynerchuk discusses his early investment portfolio and his long-term holding strategy for Facebook stock.
Disclosure
Gary Vee would refuse $100 billion if forced to permanently retire
“If somebody came to me and said, I will give you one hundred billion dollars in cash, but you can never work again. You must fully retire, meaning the cliche thing, must go on a beach, In a very nice place and actually do nothing besides drink beers, walk on t…”
Assertion Partly supported
Gary Vee says post-iOS 14 ad pullbacks created organic arbitrage on Facebook
“I changed my mind on how big of a platform Facebook is. One of the coolest things for me right now is that I'm back into being obsessed with content on Facebook because the map of supply and demand of attention on it has flipped aggressively with iOS, 14 updat…”
Prediction Not checkable as stated
Vaynerchuk would refuse $100 billion if it meant he had to retire
“If somebody came to me and said, I will give you one hundred billion dollars in cash, but you can never work again. You must fully retire financially. Meaning, the cliche thing. Must go on a beach, in a very nice place, and actually do nothing besides drink be…”
Assertion Not checkable as stated
Gary Vee invested his entire 20s savings into Facebook, Twitter, and Tumblr
“Saving my money in my twenties And then deciding to spend all of it in a one year period on Facebook, Twitter, and Tumblr based on at that .10 years of very hard work, diligence of saving and not wasting my money and looking for the opportunity to strike.”
Assertion Not publicly verifiable
Gary Vee scaled his father's wine business to $60M on under $100k
“My dad had a business doing 3.8 million in revenue. And in a seven year window, I took it to sixty million. And I changed the course of my father's financial life and my mother's financial life. Yet I was never getting paid a 100,000 dollars a year and owned n…”
Insight
Gary Vee argues money and fame expose character rather than change it
“All that money and fame do, Harry, is exposes who you actually are. It just accelerates your truth.”