Dereth did two things right that you wouldn't find many people can follow.
1. He believed in his company and bought more shares over the years. Most normal employees would have exercised their company options, and sold them whenever possible. Or find them expensive to buy since they got in at a much lower price.
2. He held the shares throughout peaks and troughs without taking profits.
This is also how the rich becomes richer. Most billionaires have their networth stuck in their company shares.
Long story short, his mentality is there. Even if he had worked for another company, he would have made good money even at 50% of Broadcom's share performance.
Let us don't discount his perseverance.
yes. He does have perserverance
But he also happened to be working for broadcom. Thats why he had the conviction to hold the shares. cuz he understand the company well.
Most ppl who only read broadcom's financial report etc to invest won't have the mental fortitude to go in so heavy on one stock.
Usually when investing, we talk about diversification.
Dereth is almost like chicken genius, all in one stock kind. Thats one hell of a risk.
Hence there's still a large extent that its all meant to be for him.
