Stone resumed self-managing investments after advisors sold an early holding
Biz Stone · 20VC: Twitter Co-Founder Biz Stone on The 3 Stages of Wealth, The Return To Twitter in 2017 and the Associated Missions and Challenges & Why Silicon Valley is not an "Insiders Only" Universe? · Jan 8, 2021 · at 28:07
Twitter co-founder Biz Stone reflects on early wealth management mistakes and managing his personal startup investment portfolio.
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“I made one error of judgment because when I started to get some wealth, I hired advisors, and I thought, well, the advisors know what they're doing, so I'll let them be in charge of my investments too. And then their thinking was, okay, well, this is X would sell it. And I let them do that with one of my investments, and then I, you know, a couple years afterwards, I actually checked and didn't realize it We had sold that. And I thought, well, I wouldn't have sold that personally. And so then I actually just took everything back over for myself in regards to the investing.”
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