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Road To Riches Doesn't Run Through the App Store
Etienne Steward writes "Turns out that while a few fortunes can be made with Apple, Steve Demeter made most of his money by buying Palm (of all companies) at $1.76 and selling at $12. Apparently, there aren't as many iPhone App millionaires as we would like to be believe. From the article: 'In almost a dozen interviews conducted by NEWSWEEK, Apple consultants and programmers jettison the idea that the App Store is a world of easy opportunity, or a fast track to quitting the rat race. Instead they describe an anxiety-wracked marketplace full of bewildering rules, long odds, and little sense of control over one's success or failure. "It's kind of a crapshoot," says Demeter, who spent the last two weekends partying in Las Vegas and New York. "I think we've reached a point where people are thinking I shouldn't quit my day job for this."'"
Somebody please mod the parent up.
512 MB RAM, 20 GB disk, 200 GB transfer, five datacenters. $19.95/month.
No he is not an investor... HE GOT LUCKY!
I am somebody who invests and trades the market. These days I work at a hedge fund. Want to know my return? I have made on average 25% per anum for the past 5 years.
How am I doing this year? As of 22:00 CET today, I am up 29% from Jan 2008! So in other words with the S&P at 1367 on Jan 2008, you would be at 1763, or out performing the S&P market by 60%! Don't even ask how much I am making this year.
Personally this guy is going to loose his money because anybody can get lucky in the market, it takes skill to make money in a market year after year after year!
"You can't make a race horse of a pig"
"No," said Samuel, "but you can make very fast pig"
Counterpoint: Microsoft Pink Danger - at least apple has a somewhat coherent strategy.
"We returned the General to El Salvador, or maybe Guatemala, it's difficult to tell from 10,000 feet"
"It's a gas, gas, gas!"
"Speaking the Truth in times of universal deceit is a revolutionary act." -- George Orwell
Oh you and your puns, you little stinker!
That was only 2/3rds of a pun. P.U.
"I like to lick butts!" by MobileTatsu-NJG (#32700246) (Score:5, Informative)
Easy there Mister Low Hanging Fruit. You might want to do a little research on the topic before taking such a simplistic viewpoint. While slavery was wrong, there were other factors in play at the time. Actually Jefferson hated slavery and wanted to free his slaves, but he was very concerned about their safety if he freed them. A freed slave did not exactly have better options in life at that time. I'm not making him out to be a saint, but our simplistic view of the topic from 200 years later does not really take into account some of the realities of the time.