7 ms·
If I told you to buy $10,000 of Blackberry stock today, would you do it? Buying AAPL in 1997 is as crazy as buying Blackberry today. The difference is Steve Jo
by esusatyo 11y ago
If I told you to buy $10,000 of Blackberry stock today, would you do it?
Buying AAPL in 1997 is as crazy as buying Blackberry today. The difference is Steve Jobs, but some people thought he was nuts too back in 1997.
- gutnor 11y agoAlso interestingly, how much money you need to have to be able to invest 10K into a single risky investment. Realistically you would either have to be irresponsible or be quite comfortable already. 500K today is a very nice sum, but it is only life changing if you are in the category that would not have had the 10K to invest in the first place.
- BillFranklin 11y agoDidn't Steve jobs sell 1.5 million shares in 1997? It caused a 12 year low in the company's stock price.. http://www.sfgate.com/business/article/Steve-Jobs-Confirms-Apple-Stock-Sale-2812791.php http://www.sfgate.com/business/article/Steve-Jobs-Confirms-A...
- adventured 11y agoJobs made several poor decisions around Apple's stock, including after he came back. A few choices cost him billions of dollars (which would now be tens of billions for his wife). Fortunately for him, money wasn't something that he obsessed over.
- microtherion 11y agoYou're talking about a guy who got in trouble for having his subordinates make up a fictitious board meeting to get a better strike price for his options. http://www.forbes.com/sites/timworstall/2011/10/06/steve-jobs-obituary-the-backdated-options-scandal/ http://www.forbes.com/sites/timworstall/2011/10/06/steve-job...
- protomyth 11y agoOddly, if you had bought $10,000 of Blackberry stock when the article came out and dumped it a year after the iPhone, you would have done quite well.