Leaving the $5 million in AAPL would’ve done ok too
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Approx. 14000% every year for 10yrs; great trade
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It was 20 years, but even if it was only 10 years, CAGR would be 107.5% not 14000% per year to turn $5m into $7.4B. CAGR over 20 years is 44.05%. $5M*141^10 is $15.5 Octillion or 55 trillion times the total wealth of the world
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He wasn’t merely one of the largest shareholders; he was the single largest shareholder. That continued until just a couple years ago, when his widow, Laurene Powell Jobs, sold half her shares and dropped from 1st to 4th largest shareholder.
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What did jobs see that others didnt at the time?
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He also defrauded investors by backdating stock options. He had some issues.
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@MarkYusko those kind of investments results is a 100% loss the vast majority of the time - if not, everyone would put their money in VCs. suppose, if Jobs had ran a VC, that might have been the exception...Thanks. Twitter will use this to make your timeline better. UndoUndo
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Don't forget the Father of Cloud Computing who staked him $25M when Jobs had to start from scratch again.https://youtu.be/L2DB-MMOP-4
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