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What if there was a "trade" that Wall Street pros missed? It might be the one made by Mackenzie Scott. A viral meme perfectly captures it, but her story of investing in Amazon is truly fascinating.
When Mackenzie Scott married Jeff Bezos in 1993, Amazon was still a small company unknown to most. She then held Amazon stock continuously for 25 years. It’s like embodying the power of long-term holding. By the time of their divorce in 2019, she had acquired $38 billion worth of Amazon shares, and her timing was again impeccable.
Looking at the stock movement, Amazon stock was around $1,800 when she sold in 2019. It then rose to $3,700 by 2021. Whether by luck or calculation, Mackenzie Scott executed her cash-out brilliantly. It can be called a perfect exit.
What can cryptocurrency investors learn? First, HODL really works if you choose the right assets. Next, the importance of the judgment to take profits before the peak. And, as Mackenzie Scott herself demonstrated, the value of giving back the wealth gained to society. She donated $14 billion to charities.
Ultimately, Mackenzie Scott didn’t just invest in Amazon; she contributed to its growth. Patience, timing, generosity. I believe these made her a legendary investor. Whether she’s a perfect investor or not, her track record is undeniably unbeatable.