Remember the line from Forrest Gump when Forrest says that Lieutenant Dan invested in some "apples" and now they don't have to worry about money anymore? "One less thing to worry about..." he says.
After the passing of super-CEO Steve Jobs, it is fitting to take a look at what this level of success looks like from an investment perspective. In a word: SPECTACULAR! If you had purchased Apple shares 8 years ago when they were trading at around $10 a share, you would be sitting on a profit of around 3700% with an annual return on investment of around 462%. All profit margins are "mean reverting" in that such money making attracts competition, which then erodes margins. But Apple has maintained a remarkable edge much longer than anyone could have imaged.
As I write this on my new Mac Book Air, it is easy to see why!
After the passing of super-CEO Steve Jobs, it is fitting to take a look at what this level of success looks like from an investment perspective. In a word: SPECTACULAR! If you had purchased Apple shares 8 years ago when they were trading at around $10 a share, you would be sitting on a profit of around 3700% with an annual return on investment of around 462%. All profit margins are "mean reverting" in that such money making attracts competition, which then erodes margins. But Apple has maintained a remarkable edge much longer than anyone could have imaged.
As I write this on my new Mac Book Air, it is easy to see why!