Word: sorochak
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Clearly, the market is a proven wealth builder that can and should benefit all participants in a free-market economy. It's only right that everyone should be entitled to a piece of the action. Scott Sorochak is a 30-year-old Internet entrepreneur in San Ramon, Calif., who has been buying stocks since he was 16. His portfolio today is worth $1.8 million, and he plans to retire at age 40. "We literally go to bed every night laughing at each other over this," he says. Is he taking any chips off the table? Nothing much. "I'm still...
...Sorochak's dreamy success notwithstanding, investing in stocks isn't the sure thing that today's equity culture assumes. Even in up markets, some stocks go down and stay down. Ask anyone who owned shares of U.S. Surgical in 1991. Johnson & Johnson invaded the little company's niche in surgical supplies, and the stock, once worth $120 a share, is now below $30. U.S. Surgical is hardly an isolated case. Biotechnology stocks fell 80% in a 1992 bloodbath, and many have not fully recovered. This year scores of stocks are down in an up market...
| 1 |