Apple's Long Road To $300

itwbennett writes "Apple shares inched over $300 for the first time Wednesday, nearly 30 years after Apple's initial public offering in December 1980. But it hasn't been a steady climb. In fact, says blogger Chris Nurney, 'Apple's stock history can be divided into two clear periods — the early years, from the IPO through Steve Jobs's long absence from the company after losing a power struggle in 1985, and the modern Jobs era, which began on September 16, 1997.' The bottom line: 'If you had purchased $10,000 of Apple stock the same month that Jobs again began leading the company, your shares would be worth $554,000 today. Not a bad return on the investment.'"

Comments

News For Nerds??? Stuff That Matters???

[pandrijeczko]

You know something? You people that sit there salivating watching the values of your stocks & shares & caring little about what else goes on in this world of ours have my utmost & deepest sympathy & are totally welcome to it.

Nerds & geeks, whatever their faults, are people who have passions for stuff *OTHER* than just money. Whilst I grew out of that sort of stuff a while ago, I actually have a degree of respect for the person that fills their lives with comic books or Star Wars memorabilia rather than investing in a pension plan or eyeing the stock markets because when I was into that sort of stuff (including RPGs like Dungeons & Dragons), I shared a strong bond with some equally nerdy people & had some good times - and most of those same people have matured with me, grown out of the nerdy stuff (most of it anyway), got married, had kids & still remain close friends to this day.

At the time, we were all too nerdy to care about what people on the outside thought of us - and now I'm on the outside and all grown up & sensible, I don't regret one bit having done those things because it all helped in my education of balancing a reasonably well-paid job with a loving partner & great social life.

I'm happy, own my own house, have good health & don't own a single stock or share in any company. The only money I owe anyone is my bank due to a reasonably-sized mortgage on my reasonably sized house.

So please don't delude yourself into thinking that the price of stocks & shares is "stuff that matters" to a nerd, or even an older partial nerd like me - it doesn't.