So an other hold on to your stocks story at the hight of an epic bubble?
What we can learn from the guy who sold Apple in 1976
Everybody knows who Steve Jobs is. If you follow technology or the stock market, you probably know who Steve Wozniak is. Do you have any idea who Ronald Wayne is? In April 1976, Wayne was the third co-founder and 10 per cent shareholder of Apple Computer. For reasons that are both interesting and relevant to today's discussion, he sold his stake for US$800. Had he held onto to it, that 10 per cent stake would today be worth US$62.93 billion of Apple stock. This may possibly be the worst stock trade. There are lessons for all of us in this. Before we get to those, a brief digression. Apple was born 40 years ago, on ... (full story)