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In October 2020, Laurence Cohen made a trade that no financial adviser would ever endorse. He decided to invest every penny of his life savings into over 10,000 shares of the data-analytics company Palantir Technologies Inc., which had just debuted on the New York Stock Exchange for $10 apiece.
“If I was wrong about Palantir, I would have nothing right now,” Cohen, a 42-year-old business owner who lives in London, told MarketWatch. Cohen’s initial investment has ballooned to around $2.2 million today as shares of Palantir
PLTR have skyrocketed over 1,600% since their listing on the public market.
This post was originally published on Market Watch
