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#18: Roger McNamee on Being in the Right Place at the Right Time (and Making the Most of It)

Superinvestors and the Art of Worldly Wisdom

CHAPTER

How to Make Money in a Bear Market

In the summer of 2000 markets at FreeFault. I decided to look what happened in the last bear market to discount brokers, you know, Charles Schwab and all this guys. And I discovered that even though everybody gets killed in a bear market, Schwab gained share and came out of it stronger than one. So I persuade everybody else to do this investment DayTech. They owned a thing called Island, which was this electronic trading marketplace for penny stocks. It's the highest volume trading system in the world. Meanwhile, I'm helping the grateful dead take their online business,. after Jerry Garcia had become unbelievable after Jerry died became the most successful direct-to-fan commerce business in music

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