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From http://www.paulgraham.com/mac.html http://www.paulgraham.com/mac.html, March 2005, AAPL = $40-41: "So Dad, there's this company called Apple. They make a
by daniel-cussen 17y ago
From http://www.paulgraham.com/mac.html http://www.paulgraham.com/mac.html, March 2005, AAPL = $40-41:
"So Dad, there's this company called Apple. They make a new kind of computer that's as well designed as a Bang & Olufsen stereo system, and underneath is the best Unix machine you can buy. Yes, the price to earnings ratio is kind of high, but I think a lot of people are going to want these."
3.267x return over 4.5 years = 30% annualized. Mr. Graham must be happy.
- yellowbkpk 17y agoI'm sitting on some shares of $10.60 AAPL from the 90's that I picked up as a pre-teen enthralled with Macs. Apple has really gone quite far in even a decade.
- slyn 17y ago"[2] Y Combinator is (we hope) visited mostly by hackers. The proportions of OSes are: Windows 66.4%, Macintosh 18.8%, Linux 11.4%, and FreeBSD 1.5%. The Mac number is a big change from what it would have been five years ago." It would be interesting to see a comparison between the "five years ago" 2000 stats, these 2005 stats, and the current 2009 stats.