Five charts to start your day
If you invested $2,000 in Apple 20 years ago you would be a millionaire
There is nothing like a bit of hindsight bias to start the week. When you hit your forties, you can’t help but do that. You know? “What if”?
Don’t get me wrong. I have no regrets at all in life. I’m a block universe kind of guy who believes everything has already been written, past, present and future, and what’s meant to be, are the decisions you don’t know you’re going to make.
But come on! Spirituality aside, what if?
I actually did hold Apple stock back in the autumn of 2003. It was one of the first stocks I ever held early in my career. I always had a fascination with the Macintosh, even though I was brought up a barebones build-it-yourself PC teenager.
I just love the Mac’s aesthetics. Plus earlier on that summer I discovered the iPod. I was doing a one-year university placement at BestInvest, and John Spiers, the CEO and owner, was throwing our annual party. He was struggling to plug in this device called an iPod into the playroom’s speaker system. And yes, he did brag that it was “1,000 songs in your pocket”.
Well, I didn’t need that, but I liked the concept, so I bought the stock and not the product. I did eventually get a scroll wheel iPod a couple of years later in New York, which by then Apple had become a firm hold-and-forget stock.
I sold out in 2010 to buy my apartment in London. How I wish now that I hadn’t. But what’s meant to be is meant to be. C’est la vie!
Source: Eeagli
Coming up:
NVIDIA’s market cap in perspective
Retail purchases of NVIDIA now exceed Tesla
Concentration with the S&P 500 has surged to the highest level in decades
Bitcoin’s energy value in raw joules
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