« Black is the color of my True Love's hair | Main | Flix Follies »
October 18, 2004
an Apple a Day
Years ago I was dating a man that was earning his International MBA (or IMBA) at a prestigious school for such a degree. On one evening we were walking from his house to the local pub, Pavlov's Dog or Group Therapy when I said, "If I had $5000 to spare I'd put my money in Apple Stocks." At that time Apple was going for about $15/share. My reasoning was that Apple had a history of being innovative and had uncharacteristically loyal consumers in an industry that is usually governed by what's cheapest. My date spent the next 15 minutes or so advising against it and even going so far as to ridicule my choice. He may have said something to the effect that it was probably not a bad thing I didn't have the $5000 to waste for that is what I would most likely be doing.
In the end, I went against the advice of my IMBA boyfriend who had spent in the neighborhood of $40k to earn his advanced degree and bought Apple for $18.50/share a few months later when I got a little money to invest.
Now my stock is worth $45/share and rumored to be going up. Since I've purchased my stock Apple created the Ipod line and the Itunes branch of the company and still continues to be the main choice for high-end graphics professionals.
I wonder if my ex feels like he wasted his $40k?
Posted by mermu at October 18, 2004 10:48 AM
Comments
Meredith,
I called and left a message at your sister's house after I read the blog entry about your new niece. I had hoped to catch you while you were in town for lunch, but maybe next time.
Please give your sis and new child my best wishes.
Patrick
Posted by: Patrick at October 18, 2004 01:02 PM
Post a comment
Thanks for signing in, . Now you can comment. (sign out)
(If you haven't left a comment here before, you may need to be approved by the site owner before your comment will appear. Until then, it won't appear on the entry. Thanks for waiting.)