6 ms·
The poster child of survivorship bias. They didn't just sell books and CDs either. They sold tax free books and CDs. It is easy to forget now that no one paid
by xetplan 3y ago
The poster child of survivorship bias.
They didn't just sell books and CDs either. They sold tax free books and CDs. It is easy to forget now that no one paid tax for anything sold online in 1999.
Of course, no one brags about how they bought Borders stock in 1995 today. I am sure if you did you were up huge in 1999 but not so great if you held.
- asadotzler 3y agowe always ordered big ticket items from tax free catalogs, even if we had to work to get the catalogs, dating back to the early 80s even.
- rchaud 3y agoThe original version of my comment included the decade-long sales tax dodge, but I removed it for clarity. I'm glad to see that people remember that era.