Comment Re:$32 million of greed. (Score 2) 170
Most likely not. Based on a cursory look at Scholastic, McGraw-Hill and John Wiley, only the latter has returned close to a 10-bagger in the last 20 years. Of course the obvious stock in the book space is Amazon at 100x+.
But the point is that there have been tons of investment opportunities that yielded extraordinary returns over that period. Being "astute" means you get rewarded for great due diligence, mixed in with good timing and some luck. It's the same for everyone who takes risk by investing, he shouldn't be pilloried for success imo.