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Having A Bad Day?

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  4. Having A Bad Day?

If anyone is having a bad day, remember that today in 1976 Ronald Wayne sold his 10% stake in Apple for $800.  It would now be worth $58,065,210,000.

 

Category: Trading ResourcesBy Chris TateApril 16, 20125 Comments

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5 Comments

  1. Waldek says:
    April 16, 2012 at 8:39 pm

    Sold for $ 2300 not for $800.

    • Chris says:
      April 16, 2012 at 9:16 pm

      Not according to the man himself – http://edition.cnn.com/2010/TECH/web/06/24/apple.forgotten.founder/index.html?hpt=C1&fbid=lG95iTlU4iD

  2. Nick says:
    April 17, 2012 at 7:06 am

    There is always someone like this. It’s like the guy who left the Beatles for a ‘real’ job

    I often think that person would be me given the right circumstances

    • Chris says:
      April 17, 2012 at 11:28 am

      I think in part this is a function of the very short term nature of the way people think – it is extremely difficult for people to conceive of a distant future particularly when the pressures of life are so immediate.

      Consider this in terms of the biggest money making con going at present – weight loss. No human is immune from the basic laws of thermodynamics. Leaving aside metabolic problems which seem to be exceedingly rare, weight loss is accomplished by creating a calorie deficit. Dont eat shirt and exercise – its not terribly hard.

      What intrigues me about this, is the notion that it all has to been done in 12 weeks or in some arbitrarily defined time. Instead of seeing weight loss as a life time change in habits it is seen as a short term goal. It is seen this way because it sells, instant gratification is a big thing. But also because people struggle with the notion of looking forward years and seeing what their life will be like.

  3. Waldek says:
    April 17, 2012 at 8:08 am

    Hmmm…Source of information sucks more and more…

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