atans1

“Warren Buffett” of digital bizs

In Internet, Media on 30/11/2015 at 4:18 pm

From NYT Dealbook

DILLER’S MINIFACTORY OF SPINOFFS PAYS OFF Somewhat by accident, Barry Diller, chairman of IAC/InterActiveCorp, has built a unique business model that has reaped enormous value for IAC’s shareholders – exceeding even that of Disney and Microsoft, Andrew Ross Sorkin writes in the DealBook column. He describes Mr. Diller’s “minifactory of spinoffs” business as: “Buy digital businesses, fold them into a conglomerate and then spin out the most successful ones,” like the Match Group, which went public last week and now has a market value of $3.7 billion. “I’m really an anti-conglomerateur,” Mr. Diller told Mr. Sorkin.

“If you invested $1,000 in IAC in August 1995 when Mr. Diller began the business – at the cusp of the dot-com boom (and subsequent bust) – you’d have about $16,000 today, assuming you reinvested dividends and held on to shares of the various companies spun off from IAC,” Mr. Sorkin writes. “By comparison, if you invested $1,000 in a fund that tracked the Nasdaq index, you’d have about $4,800 today.”

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  1. What about an investment in bitcoin several years ago? went through $10,000 today

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