News Ron Wayne Sold 10% Of Apple in 1976 - GoFuckYourself.com

RummyBoy · 12-12-2014, 04:29 AM

Apple Co-founder Ron Wayne sold a 10% stake in Apple way back then and I think you can guess the rest. At today's current market cap, his shares would have been worth much "over" $40 Billion USD (estimation)

Instead he got $800 USD in 1976 and bought gold. Now hes buying gold again. I'm a quite bullish about gold and silver going forward but of course a company like Apple is a rarity indeed..... poor old bastard.

Apple Co-Founder Traded His Shares for Gold. Why That Was a Horrible Investment, in 1 Chart - Bloomberg

Apple Co-Founder Wayne Remembers Steve Jobs: Video - Bloomberg

But of course, its always easy to say these things in retrospect...........

L-Pink · 12-12-2014, 04:40 AM

Quote:

Originally Posted by RummyBoy

Apple Co-founder Ron Wayne sold a 10% stake in Apple way back then and I think you can guess the rest. At today's current market cap, his shares would have been worth $65 Billion USD

Apple Co-Founder Traded His Shares for Gold. Why That Was a Horrible Investment, in 1 Chart - Bloomberg

Instead he got $800 USD in 1976 and bought gold. Now hes buying gold again. I'm a quite bullish about gold and silver going forward but of course a company like Apple is a rarity indeed..... poor old bastard.

Only thing worse would be the guy getting fired by the Beatles.

.

RummyBoy · 12-12-2014, 04:43 AM

Quote:

Originally Posted by L-Pink

Only thing worse would be the guy getting fired by the Beatles.

Sure but in financial terms, that wouldn't come even close.

Paul McCartney is reportedly worth around $1.4 billion max

Ringo Starr is reportedly worth around $400 million max

George Harrison was worth around the same as Ringo when he died.....

L-Pink · 12-12-2014, 04:49 AM

Quote:

Originally Posted by RummyBoy

Sure but in financial terms, that wouldn't come even close.

Paul McCartney is reportedly worth around $1.4 billion max

Ringo Starr is reportedly worth around $400 million max

George Harrison was worth around the same as Ringo when he died.....

I was thinking of the feeling of sitting home and continually seeing what could have been everywhere you look.

Yea, 10% of Apple doesn't even come close.

RummyBoy · 12-12-2014, 04:54 AM

Quote:

Originally Posted by L-Pink

I was thinking of the feeling of sitting home and continually seeing what could have been everywhere you look.

Yea, 10% of Apple doesn't even come close.

Yeah sure, it can happen...... but he said he has no regrets and I believe him because I know not everyone thinks that way and in this case. The other thing is, unlike the guy who was fired, this guy didn't need to actually do anything - he owned equity. He could have sit in a shed for 40 yrs and did nothing and come out a multi-billionaire.

Everyone has made a terrible investment decision at some point in life, unknowingly.

trevesty · 12-12-2014, 06:00 AM

My grandfather still tells this story a lot(especially around the holidays). Some guy he served in the USAF with was either one of the founders or initial investors in Pizza Hut. Offered my grandpa 5% ownership for $500 back in the 50's. He bought a new sports car instead.

It's probably the only thing I've ever heard him express regret about.

RummyBoy · 12-12-2014, 06:26 AM

Quote:

Originally Posted by trevesty

My grandfather still tells this story a lot(especially around the holidays). Some guy he served in the USAF with was either one of the founders or initial investors in Pizza Hut. Offered my grandpa 5% ownership for $500 back in the 50's. He bought a new sports car instead.

Well one of the biggest mistakes people make is that they tend to focus on acquiring liabilities as opposed to assets..... as any Robert Kiyosaki book will tell you. Assets are ugly and liabilities like a shiny new sports car are wonderful.

slapass · 12-12-2014, 06:36 AM

How may of us bought any Apple stock in the last ten years? I bought the iphone about a month after it came out and was blown away. Did I turn around and buy some stock? Nope.

Apple Inc., AAPL Quick Chart - (NASDAQ) AAPL, Apple Inc. Stock Price - BigCharts.com

seeandsee · 12-12-2014, 09:44 AM

I bet lots of similar stuff to be told, people not buying something that will be billions later

rogueteens · 12-12-2014, 09:57 AM

mind you, who's to say that if he hadn't have sold those shares that Apple's history would have remained the same?

Rochard · 12-12-2014, 10:04 AM

Quote:

Originally Posted by RummyBoy

Sure but in financial terms, that wouldn't come even close.

Paul McCartney is reportedly worth around $1.4 billion max

Ringo Starr is reportedly worth around $400 million max

George Harrison was worth around the same as Ringo when he died.....

Um.... $1.4 billion is a lot closer to $40 billion than I'll ever come.

420 · 12-12-2014, 10:57 AM

Quote:

Originally Posted by seeandsee

I bet lots of similar stuff to be told, people not buying something that will be billions later

Should I sell my 10% stake in btc or not?

Joshua G · 12-12-2014, 11:10 AM

Quote:

Originally Posted by rogueteens

mind you, who's to say that if he hadn't have sold those shares that Apple's history would have remained the same?

i agree these what-ifs are always pie in the sky. Anyone who has such a lotto ticket is certainly selling some shares at various crashes to protect profits & enjoy the high life. Who in their right mind would hold all these years without selling?

fuzebox · 12-12-2014, 11:40 AM

Given the circumstances at the time, it was probably a good sell. You can't beat yourself up about not predicting a shitty computer company would reinvent itself as a mobile and media company 35 years later.

GAMEFINEST · 12-12-2014, 11:41 AM

Well it did sound good back then.

MaDalton · 02-03-2015, 08:17 AM

Quote:

Originally Posted by slapass

How may of us bought any Apple stock in the last ten years? I bought the iphone about a month after it came out and was blown away. Did I turn around and buy some stock? Nope.

Apple Inc., AAPL Quick Chart - (NASDAQ) AAPL, Apple Inc. Stock Price - BigCharts.com

i did - and just had a look today - it's up 80% from when I bought it

12-12-2014, 04:29 AM	#1
RummyBoy Confirmed User Join Date: Dec 2009 Posts: 2,157	Ron Wayne Sold 10% Of Apple in 1976 Apple Co-founder Ron Wayne sold a 10% stake in Apple way back then and I think you can guess the rest. At today's current market cap, his shares would have been worth much "over" $40 Billion USD (estimation) Instead he got $800 USD in 1976 and bought gold. Now hes buying gold again. I'm a quite bullish about gold and silver going forward but of course a company like Apple is a rarity indeed..... poor old bastard. Apple Co-Founder Traded His Shares for Gold. Why That Was a Horrible Investment, in 1 Chart - Bloomberg Apple Co-Founder Wayne Remembers Steve Jobs: Video - Bloomberg But of course, its always easy to say these things in retrospect...........

12-12-2014, 09:44 AM	#9
seeandsee Check SIG! Industry Role: Join Date: Mar 2006 Location: Europe (Skype: gojkoas) Posts: 50,945	I bet lots of similar stuff to be told, people not buying something that will be billions later __________________ BUY MY SIG - 50$/Year Contact here

12-12-2014, 09:57 AM	#10
rogueteens So fucking bland Industry Role: Join Date: Jul 2006 Location: England Posts: 8,005	mind you, who's to say that if he hadn't have sold those shares that Apple's history would have remained the same? __________________ Free traffic and backlinks from one of the fastest growing adult pinsites on the net - SAUCY PICTURES! Easily my best performing webcam sponsor - CLICK HERE!!

12-12-2014, 11:41 AM	#15
GAMEFINEST Make STACK$ Industry Role: Join Date: Nov 2006 Location: sexy time Posts: 14,418	Well it did sound good back then. __________________ Compound interest.

12-12-2014, 06:00 AM	#6
trevesty Confirmed User Industry Role: Join Date: Aug 2006 Location: Midwest Posts: 3,802	My grandfather still tells this story a lot(especially around the holidays). Some guy he served in the USAF with was either one of the founders or initial investors in Pizza Hut. Offered my grandpa 5% ownership for $500 back in the 50's. He bought a new sports car instead. It's probably the only thing I've ever heard him express regret about.

12-12-2014, 06:36 AM	#8
slapass Too lazy to set a custom title Join Date: Nov 2002 Location: Earth Posts: 14,627	How may of us bought any Apple stock in the last ten years? I bought the iphone about a month after it came out and was blown away. Did I turn around and buy some stock? Nope. Apple Inc., AAPL Quick Chart - (NASDAQ) AAPL, Apple Inc. Stock Price - BigCharts.com

12-12-2014, 11:40 AM	#14
fuzebox making it rain Industry Role: Join Date: Oct 2003 Location: seattle Posts: 22,008	Given the circumstances at the time, it was probably a good sell. You can't beat yourself up about not predicting a shitty computer company would reinvent itself as a mobile and media company 35 years later.