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I helped start a ceramics company called CPS Technologies. We took it public in 1987 at $12 a share. Three months later, there was this horrible cliff: Black Monday. Fidelity had bought 15 percent of our stock, and their algorithm caused them to dump it all onto the market that day. We dropped from $12 to $2.
— Clayton M. Christensen
Tags: company, three, start, black, day

Other Quotes by "Clayton M. Christensen"

My wife comes most of the times I teach and stands on the front row to help me. She's been wonderfully supportive.
— Clayton M. Christensen
Tags: she, help, wife, me
Managers are already voracious consumers of theory. Every time they make a decision or take action, it's based on some theory that leads them to believe that action will lead to the right result. The problem is, most managers aren't aware of the theories they're using, and they often use the wrong theories for the situation.
— Clayton M. Christensen
Tags: result, decision, believe, time
Venture capital is always wanting to go up market.
— Clayton M. Christensen
Tags: wanting, up, always, go
Life is an unending stream of extenuating circumstances.
— Clayton M. Christensen
Tags: stream, circumstances, life
I have continued systematically to study the Book of Mormon and Bible to understand even more deeply what God expects of me and my family while on this earth.
— Clayton M. Christensen
Tags: bible, me, family, god
View More by "Clayton M. Christensen"
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