Shaq Declined an $80,000 Expense, Then Turned It Into a Million-Dollar Win
Investment Strategy - Shaquille O'Neal opted for a cost-effective security solution, choosing to install 10 to 15 cameras from Ring for approximately $2,000 instead of an $80,000 security system [1][2] - O'Neal's $1 million investment in Ring significantly contributed to the company's growth in the security camera industry [2][3] Company Acquisition - Amazon Inc. acquired Ring for an estimated $1 billion in 2018, marking it as one of O'Neal's most profitable investments [3] Business Philosophy - O'Neal's investment strategy is based on his belief in the products he invests in, demonstrating a combination of prudence and conviction in their potential [3]