Heartbreak for Horace

[Catseye3]

https://www.cnbc.com/2021/08/24/how-much-apple-stock-has-grown-since-tim-cook-became-ceo-in-2011.html

It’s been 10 years since Tim Cook took over as Apple CEO from co-founder Steve Jobs.

And for investors who have held Apple stock since Cook took the reigns, --

Reins, you [bleeping] illiterate! Reins!

-- his tenure has been a massive financial success, with the stock delivering a nearly 1,200% return over the past decade.

If you invested $1,000 in Apple the day Cook became CEO in 2011, the market value of your shares would be worth $12,970.28 today, according to CNBC calculations. In contrast, a $1,000 investment in the S&P 500 index would have seen a 365.9% return over the same period and would be worth about $4,659."

There, there, Horace. Remember what Washington Irving wrote: "Little minds are tamed and subdued by misfortune, but great minds rise above them."

[Copper]

@catseye3 said in Heartbreak for Horace:

If you invested $1,000 in Apple the day Cook became CEO in 2011 anytime, the market value of your shares would be worth $12,970.28 a lot more today

[Mik]

An investment in the S&P index fund would have exponentially more diversification as opposed to a single stock.

(I have some Apple too.... )

[Horace]

Apple is what you call 'shareholder friendly'. Cashflow so huge it can't be reasonably invested in anything other than shareholder returns, i.e. buybacks and dividends. Mostly buybacks.

[Horace]

@mik said in Heartbreak for Horace:

An investment in the S&P index fund would have exponentially more diversification as opposed to a single stock.

(I have some Apple too.... )

Diworsification.

[jon-nyc]

In fairness to Jobs the stock was overly sold when he was dying because people were worried they’d lose their magic without him. Part of Cook’s bump was recovering from too much pessimism.