Legendary investor Peter Lynch always said you should consider buying (shares in) what you buy (in the mall).
He didn’t grow money for nearly 30% a year for over a decade by smoking funny cigarettes.
The current case in point: Apple stock.
According to this handy table, if I’d bought Apple stock in 1998 instead of the original iMac I proudly displayed on my desk, my $1,299 would now be worth $46,413.
(Source: Kyle Conroy’s Personal Blog, via Daring Fireball)
{ 2 comments… read them below or add one }
ah but wiithout that imac maybe you wouldnt have ever started this great blog?!
anyway, in 1998 wasnt apple something of a basket case? dont think even the ipod mk1 was out.
Gosh, thanks roym! Select audience on this one at the moment.
Yes. I think you’re right about the iPod from memory. The iMacs were the sign something was up though, perhaps? Also the return of Steve Jobs!