Edig 1999 still in Today's news
posted on
Jun 20, 2014 10:18AM
Read more: http://wallstcheatsheet.com/business/4-stocks-warren-buffett-just-wont-let-go.html/?a=viewall#ixzz35BmLMpU8
"Fifteen years ago, in 1999, the U.S. stock market was in a frenzy. That year, investors dumped enough money into speculative Internet and technology companies like e.Digital Corp. and Pets.com that they drove the Nasdaq composite up 85.6 percent, the biggest gain for any major market in a single year in market history. Bill Gates’ personal fortune broke the $100 billion mark as the value of Microsoft stock surged, making him the richest person in the world by a wide margin. Rolling in at Nos. 3 and 4 on the list of the world’s richest people that year were Paul Allen, another Microsoft founder, and Steve Ballmer, an early hire to Microsoft’s executive team."