If time travel existed, I'd go back and buy me some 1980's Apple stock. I think we just proved time travel can't happen.
Just go back to 2009 and buy bitcoin, then sell it on 15 Dec 2017 at $17,500.
I personally just use the wayback machine.
Apple becomes the first $1T company
51–60 of 352 posts
Re: Apple becomes the first $1T company
#52I don't own an Iphone and neither does anyone I know, but good for them.
Re: Apple becomes the first $1T company
#53Earlier quoted context omitted.
you're forgetting the paradox free fixed timeline thing. One can go back in time, but he cannot buy stock because he did not in fact buy stock.
One can go back in time but he cannot displace the air atoms where he appeared because he did not displace the atoms in the first place.
One can go back in time but they materialize in the emptiness of space and die, long left behind by our galaxy moving at 1.3 million miles per hour.
Re: Apple becomes the first $1T company
#54Good for it. Becoming a trillion dollar company selling quality products people love. Not data mining everything about your life and using it for advertising (Google), ruthlessly destroying competition (Microsoft), or destroying the environment (Exxon). How old fashioned.
Re: Apple becomes the first $1T company
#55I 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.
When was that? The stock has split 4 times so a bit hard to calculate his return
Re: Apple becomes the first $1T company
#56>“Apple’s $1 trillion cap is equal to about 5 percent of the total gross domestic product of the United States in 2018,” said David Kass, professor of finance at the University of Maryland. “That puts this company in perspective.”
The comparison would be Apple net income (~$50B) vs. GDP, not market cap (which has units of USD) vs. GDP (which has units of USD per year).
Re: Apple becomes the first $1T company
#57I 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.
doesn't mean he held them though
This is what I tell everyone when they kick themselves for not buying BTC when it was $0.25.
You would have sold them the second they hit $1.00. The only people I know who got rich off BTC are those who found an old wallet on an old drive in their garage.
Re: Apple becomes the first $1T company
#58Earlier quoted context omitted.
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…
The VOC basically owned the entirety of trade in SEA. It's not hard to imagine a valuation of 7 trillion when they had a monopoly of an entire continent's worth of trade (spices!) for two centuries.
Let's put it this way. According to Maddison,
https://www.rug.nl/ggdc/historicaldevelopment/maddison/relea...
The entire world's GDP in 1700 was $371 Billion (1990 International Dollars). That would mean the VOC's value then was ~10x the global GDP, which I find hard to believe.
Or if that doesn't convince you, consider the world population in 1700 was 700 million people. That would mean the Dutch Indies Company's value per person is $10,000!
Re: Apple becomes the first $1T company
#59Avoided the most taxes in history too!
It's legal to find ways to reduce your tax burden.
the tax system should be made simpler... no loopholes (I know it is probably not easy to accomplish, but worth a try) ... because middle class can't afford to avoid taxes like the rich does it.
Re: Apple becomes the first $1T company
#60Avoided the most taxes in history too!
Except, you know, all the sales tax collected in their retail channels. And employment taxes on their 80,000 domestic employees. And property taxes. And real-estate fees. And government testing. And the obscene amounts of duties they pay importing every single thing they make. That's just for the U.S., in every other country they do business those apply as well (with exception of perhaps the import duties for busines…
That's tax they might generate, but most of that is not tax paid by Apple. Consumers pay sales tax and duties go right into the price of the products, employees pay income tax...