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  • What we can learn from the guy who sold Apple in 1976

    From stuff.co.nz

    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)

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  • Post #1
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  • Apr 18, 2016 9:39am Apr 18, 2016 9:39am
  •  HudithePfupf
  • Joined Mar 2016 | Status: Member | 264 Comments
So an other hold on to your stocks story at the hight of an epic bubble?
 
 
  • Post #2
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  • Apr 18, 2016 4:13pm Apr 18, 2016 4:13pm
  •  sidhujag
  • Joined Apr 2009 | Status: Non-Member | 930 Comments
I find that akin to those that sell their bitcoin today
 
 
  • Post #3
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  • Apr 18, 2016 5:32pm Apr 18, 2016 5:32pm
  •  socrateez
  • | Joined Apr 2016 | Status: Member | 5 Comments
Isn't hindsight a wonderful thing..
..especially when you are holding ENRON
or LEHMAN stocks and do the opposite of what Ronald Wayne did..
 
 
  • Post #4
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  • Apr 18, 2016 6:09pm Apr 18, 2016 6:09pm
  •  lasty
  • Joined Aug 2008 | Status: Member | 1,423 Comments
An Apple a day doesn't keep the the doctor away.

Ronald Wayne is still with us and that's more than $62 billion in your bank account when your 6 feet under and cant spend it.
 
 
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  • Story Stats
  • Posted: Apr 18, 2016 6:32am
  • Submitted by:
     Newsstand
    Category: Entertainment News
    Comments: 4  /  Views: 2,478
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