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| Staring back from the abyss  |
I would retire today...had I put it into Apple. That was a shit-ton of money for me back then, so it wouldn't have happened. But, thinking ahead, and back, if a guy had the money today, where would you put it for your grandkids to reap the benefits 30+ years from now? What is new and upcoming like personal computers were back then? Where do we think technology will go? Of course, nobody can predict the future, but what is your best guess? ________________________________________________________ "Great danger lies in the notion that we can reason with evil." Doug Patton. | ||
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| stupid beyond all belief  |
i made that bet on snapchat. fingers crossed. gettin killed at the moment What man is a man that does not make the world better. -Balian of Ibelin Only boring people get bored. - Ruth Burke | |||
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Nosce te ipsum |
When it was about $13/share, in '01 or so, a friend who repaired Apples for a living told me, "You might want to buy some stock in this company. I hear they're coming out with something new but we don't know what". It was the iPhone which would come out. I did not have quite enough for an even thousand shares, and did not buy. I have learned that the only sure bet seems to be hard work and fiscal discipline. | |||
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Get Off My Lawn |
What is funny is that I seriously thought about investing several thousand in Apple shortly after 9/11 when the stock was less than 10 bucks. But my wife and I balked because they just came out with the first iPod, so it was still a new thing. No phones or pads yet. And their computer market share was dismal. I honestly thought there was a good chance Apple would not last 5 years. "I’m not going to read Time Magazine, I’m not going to read Newsweek, I’m not going to read any of these magazines; I mean, because they have too much to lose by printing the truth"- Bob Dylan, 1965 | |||
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Optimistic Cynic |
and time... | |||
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Funny Man |
Artificial Intelligence is the new frontier. Analytics and decision support are just the 1st application. AI will be ubiquitous across industries and platforms in 15 to 25 years. The challenge lies in identifying which current company, that has equity you can buy, will capitalize like Apple has. Keep in mind, Apple was a computer company that did quite well as such, however, the most explosive growth is the result of smartphones that were still 25 years in the future and couldn't have been predicted as the ultimate business driver at that time. IBM is investing heavily in AI now but it will likely be some smaller more nimble player that identifies and exploits the niche that created all new industries and the wealth that brings. ______________________________ “I'd like to know why well-educated idiots keep apologizing for lazy and complaining people who think the world owes them a living.” ― John Wayne | |||
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delicately calloused |
I had it but couldn't see the future. You’re a lying dog-faced pony soldier | |||
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Now in Florida |
I bought Apple and Amazon in 2001 after the dot com crash. I bought AAPL at a split-adjusted 1.07 per share and Amazon at $8 per share. My problem was that I didn't keep them. Doubled my money in AAPL and tripled it in AMZN, thought I was a genius and took the money and ran. Turns out I wasn't a genius. | |||
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| My other Sig is a Steyr.  |
With my luck, I would have spent the money on other stuff and been the guy that bought a lightly use Pacer with the awesome lime green paint! | |||
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| Partial dichotomy |
I have a fair amount of Apple that I've bought several times over the years. My first purchase was in Jan. 08 at about 19. I'm holding on to it. SIGforum: For all your needs! Imagine our influence if every gun owner in America was an NRA member! Click the box>>>  | |||
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| Staring back from the abyss |
I went with a shit-brown '74 Pinto station wagon.  While a good car and it served me well, Apple would have been the better option.  ________________________________________________________ "Great danger lies in the notion that we can reason with evil." Doug Patton. | |||
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| I believe in the principle of Due Process  |
Owning AAPL hasn’t been all beer and skittles. There have been some periods when the future was not as rosy as the past. The mid-80’s, again in the mid to late 90’s, lots of opportunity to scare off all the sissies. Luckily, I have enough willpower to control the driving ambition that rages within me. When you had the votes, we did things your way. Now, we have the votes and you will be doing things our way. This lesson in political reality from Lyndon B. Johnson "Some things are apparent. Where government moves in, community retreats, civil society disintegrates and our ability to control our own destiny atrophies. The result is: families under siege; war in the streets; unapologetic expropriation of property; the precipitous decline of the rule of law; the rapid rise of corruption; the loss of civility and the triumph of deceit. The result is a debased, debauched culture which finds moral depravity entertaining and virtue contemptible." - Justice Janice Rogers Brown | |||
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| Member |
I invested in Budweiser. All I got was headaches. I do wish I could redo my youth. P226 9mm CT Springfield custom 1911 hardball Glock 21 Les Baer Special Tactical AR-15 | |||
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Ammoholic |
A really good stock purchase - Bezos Parents Jesse Sic Semper Tyrannis | |||
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| Eschew Obfuscation |
Don't forget Ronald Wayne. He sold his 10% interest in Apple for $800. It is worth $100 billion dollars today. _____________________________________________________________________ “One of the common failings among honorable people is a failure to appreciate how thoroughly dishonorable some other people can be, and how dangerous it is to trust them.” – Thomas Sowell | |||
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| Unapologetic Old School Curmudgeon  |
I invested heavily in New Coke and laser disks.... Don't weep for the stupid, or you will be crying all day | |||
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| Little ray of sunshine  |
If picking the next Apple was easy, everyone would do it. The fish is mute, expressionless. The fish doesn't think because the fish knows everything. | |||
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| Staring back from the abyss |
True enough. Being the semi-Luddite that I am though, just thought that I'd put it out there for discussion and perhaps some ideas of where things might be headed. Of course it's always a risk and I'd never lose my ass over anything, but if long after I'm worm food, my grandkids are comfortable because I took the right chance when I could afford it? That's a good investment IMO. I think TXJIM is on to something with the AI thought. Just, where does it go? ________________________________________________________ "Great danger lies in the notion that we can reason with evil." Doug Patton. | |||
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Member |
As well as Betamax and HD DVD??  "If you’re a leader, you lead the way. Not just on the easy ones; you take the tough ones too…” – MAJ Richard D. Winters (1918-2011), E Company, 2nd Battalion, 506th Parachute Infantry Regiment, 101st Airborne "Woe to those who call evil good, and good evil... Therefore, as tongues of fire lick up straw and as dry grass sinks down in the flames, so their roots will decay and their flowers blow away like dust; for they have rejected the law of the Lord Almighty and spurned the word of the Holy One of Israel." - Isaiah 5:20,24 | |||
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| That rug really tied the room together.  |
But $10,000 worth of bitcoin when it was starting, would be worth millions and millions today... ______________________________________________________ Often times a very small man can cast a very large shadow | |||
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