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another scenario i also like to associate and assimilate to owning an internet property to is owning a nightclub in an entertainment district. it's pretty much the same thing, except virtually.
you're really in the virtual real estate business. the real estate market has a predictable pattern of rises and falls since the great depression. nothing EVER stays at the top. with the internet being an accelerated market as compared to real time (i personally scale it 1 internet calendar year = 3 real life calendar years), the market for your establishment is greatly shortened.
you build your nightclub or restaurant, you offer your attraction, whatever it may be, and you try to jam as many people into it as possible, and then try to figure out how to get the money out of their pockets for as long as you can, week after week. after a while, new clubs and restaurants open up and they eat into your profit. it's very hard to stay on the top in the nightclub game. how long you stay relevant is directly attributable to how well you conduct your business and how well you market your wares to an audience.
let's not get into, so and so is down the street at another restaurant giving away my dishes for free. that's really not what this statement is about.
since you're in the online real estate market, i would imagine you would build low and sell high. seems logical. not sure why this kid didn't take that money and run. fuck he could have built so many more things with that money and invested 15B into 150B choosing the right investment opportunities.
hope that makes some sense as an analogy.
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