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Earlier quoted context omitted.
Somehow I found it funny that companies like Microsoft and Apple basically survived because someone brought a new OS from the outside.
In the case of Microsoft they directly acquired the original DOS and the designers of Windows NT - so they've perhaps done that twice?
I went to grad school with a guy who, the day Apple stock hit $14 a share, decided to spend $500 of his grad student stipend to buy some. He figured Apple's cash on hand was worth more than $14 a share. I thought he was nuts. I was an idiot.
My money is on Google, Facebook or Amazon eventually surpassing Apple though
Avoided the most taxes in history too!
No. It is the first PUBLICALY TRADED company on the US STOCK MARKET to be valued at $1T. There have been many companies that have broken that point in inflation-adjusted and NON-inflation-adjusted valuations. Three big ones are the Dutch East India company, the most valuable company in history, Standard Oil, the most valuable US company ever, and Saudi Aramco, the current, most valuable company. I've seen to many art…
I have found the calculations for these historic companies to be dubious. They mostly calculate the worth of a company in relation to some historical GDP figure and apply that percentage on a modern GDP figure. Think about it, how can the Dutch East Indies company be worth $7 trillion dollars when the Netherlands today has a GDP of only $900 Billion, which is after centuries of economic growth. The Dutch East Indies…
I went to grad school with a guy who, the day Apple stock hit $14 a share, decided to spend $500 of his grad student stipend to buy some. He figured Apple's cash on hand was worth more than $14 a share. I thought he was nuts. I was an idiot.
An honest question, why do people really care about the market capitalisation of a company?
Because investing has become integral in personal finance and market cap gives an estimate of a company's value, room to grow, etc.
Earlier quoted context omitted.
In the case of Microsoft they directly acquired the original DOS and the designers of Windows NT - so they've perhaps done that twice?
I didnt know this about NT - Where did they come from?
Also, if you took a peek at his wikipedia entry, the guy is behind almost every large MSFT OS related initiative in the last few decades: NT, Azure, XBox hypervisor.
https://en.wikipedia.org/wiki/Dave_Cutler#Microsoft_(1988_to...