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> turned down a offer to buy a 33% stake in Apple for $50K (about $260K today). Isn’t that $260k off by a few of orders of magnitude?

• inglor_cz 5y ago
  I think the OP meant that 50K of dollars then are, after inflation, worth about 260K dollars now. Not that a third of equity in Apple is worth 260K.
  • tgflynn 5y ago
    That would be using a very high inflation rate since 1980 (around when I assume this must have happened). I think the official factor is closer to 3x than 5x.
    • helsinkiandrew 5y ago
      If it was a little earlier than 1980 it might be more realistic - inflation didn’t go below 6% between 1975 and 1983 and was often into double digits at that time https://www.federalreservehistory.org/essays/great-inflation https://www.federalreservehistory.org/essays/great-inflation
  • helsinkiandrew 5y ago
    That makes more sense - it's just a coincidence that the market cap of Apple is is now almost exactly 10^7 times larger than $260K