Earlier quoted context omitted.
I worked in Windows Mobile at the time. He was just quoting what the best market researchers had told him. We were given a LOT of market research papers with in-depth customer surveys where lots of people said, repeatedly, that they would "never pay money for a phone". If you think back to then, phones were "free" with a 2 year contract. The idea of getting someone who was used to free to switch over to $600 overnigh…
There's a Henry Ford quote that's pretty popular at Apple - “If I had asked people what they wanted, they would have said faster horses.”
Apple becomes the first $1T company
271–280 of 352 posts
Re: Apple becomes the first $1T company
#272"For comparison, the same $10,000 invested in an Standard & Poor’s 500-stock index fund would now be worth $2 million." That doesn't seem too bad considering the risk involved investing in a single stock.
Probably not significantly less, but I'd be curious anyway.
Re: Apple becomes the first $1T company
#273I 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.
In the early 2000s I spent $1800 on a set of 18in chrome rims for an early 90s Accord, the wheels were almost half the value of the car. I use to do the calculations for if I had spent that money on AAPL instead of something so incredibly wasteful. It's easy to beat yourself up looking back in retrospect at dumb decisions.
If I hadn't ever played WoW, I could have had 540 to spend on Amazon. I probably also wouldn't have been as fat growing up.
If I had not paid for that dumbfuck YOLO trip to Singapore near the end of college, I'd have 2k to throw at Netflix. Or, actually, BP, this was right during the spill.
In other words, Amen man. So now I think today - why do I still go out to eat sushi, instead of tucking it away for another Microsoft buy? Why do I still play Overwatch with my friends here and there instead of spending another hour or two learning something? Why do I still blow assloads of cash on trips once or twice a year?
I guess, what the hell else am I gonna do with my time and money? Keep it till I die? I ride a motorcycle, I could die tomorrow. Actually, my family has a history of heart disease, I could die literally right now lol.
As long as peeps are putting away enough money to survive a crisis, and following the basics of investment principles re: their retirement, they're doing life "right," in my unprofessional opinion.
Sure I didn't buy a lot of stock at 18, but I did have a part time job, which let me go out to eat with my friends and take girls to movies and buy a car to drive us to Ren Fest in (with enough leftover to put together a SICK pirate outfit). I had enough saved to make it easy to buy my books in college. Playing WoW was fun and relaxing, oh well. That YOLO trip to Signapore beat a bit of that cultural close mindedness out of me as I engaged with a bunch of other students from around the world... and it got me a job in Taiwan after college, which was eye opening in ways I never could have imagined. Same with my trips today.
I could have done things differently and have more money right now, but if I had more money right now I guess the only difference is my apartment might be slightly nicer (maybe, I love my apartment), my motorcycle would be slightly faster (maybe, the one I have is kinda perfect for my style), and my clothes would be slightly more expensive (maybe, I'd probably just shop at Uniqlo anyway). I honestly can't think of anything really different about my life right now. Maybe when I retire I'll be like "dude you asshole, if you'd bought 30 more Apple stocks we could be on a boat right now." But then again, I might just die before then, so, shrug.
Re: Apple becomes the first $1T company
#274Without paying taxes, or a very small percentage, it's a fake achievement.
https://www.investopedia.com/articles/insights/071816/how-do...
https://www.apple.com/newsroom/2017/11/the-facts-about-apple...
Re: Apple becomes the first $1T company
#275"A $600 phone?! Who's going to buy a $600 phone?!" -Steve Balmer
I worked in Windows Mobile at the time. He was just quoting what the best market researchers had told him. We were given a LOT of market research papers with in-depth customer surveys where lots of people said, repeatedly, that they would "never pay money for a phone". If you think back to then, phones were "free" with a 2 year contract. The idea of getting someone who was used to free to switch over to $600 overnigh…
Windows doubled down on the lower price range thing, which was disastrous for both the branding and the development of windows mobile. Everyone associated it with crap phones and they were stuck developing for last year's devices.
Re: Apple becomes the first $1T company
#276Earlier quoted context omitted.
Speculative investments are like gambling. Don't be sorry for Apple. Try FB...they may hit the trillion dollar cap as well..who knows...it's all just speculation.
FB has a problem with young people leaving. I wouldn't invest in FB.
Re: Apple becomes the first $1T company
#277Earlier quoted context omitted.
Definitely - getting rich off these things means you have to go against convention. People have to call you "crazy" or "wild."
Don't get your causation mixed up though. Most of those people are actually crazy, wild and broke.
If you had done so, you would have made money, but it was a "bad" bet. It wasn't a company, you had no real information to go off of. No earnings reports, no statements, nothing. It was as blind a bet as you can get. If you were technically knowledgeable in the area I guess you could have "predicated" that it would be used to buy drugs and thus go up in value, but to this day we have highly technically competent people saying "this is fucking stupid, this is overvalued, this is useless." It's a religious debate at this point.
Throwing .1% of your investment portfolio at it, whatever, why not. I do that with derpy shit stocks all the time (looking at you, HMNY, what a fun ride). But I don't think anybody should be salty about "missing the boat" on Bitcoin or other coins. If you wanna be a millionaire, do drop shipping or something. Stream. Flip houses. There's way less risk averse, proven ways to make extra money. Bitcoin just seems "so easy." Get rich quick.
Re: Apple becomes the first $1T company
#278Earlier quoted context omitted.
DuckDuckGo looking nicer every day.
DDG is essentially just a reskin of Bing.
Re: Apple becomes the first $1T company
#279Earlier quoted context omitted.
because they're utilizing that money so well.
It's their money. If they have a $1 trillion cash sitting on the sidelines doing nothing that is their right to do so. Apple doesn't make money to support governments.
Apple doesn't make money to support society and pay for the social infrastructure it uses to help it be successful.
FTFY