Angry Dictator

Achilles and the Hare

Today is August 24, 1995. In Redmond, corks are popping out of champagne bottles to herald the product launch of Windows 95. The media coverage is making you feel uneasy about all the Apple stock in your portfolio, so you pull your brick-sized cell phone out of your briefcase and you call your coke-addict broker. You tell him to dump all your Apple stock and put the money in Microsoft. Today is March 23, 2006. Your investments have done well over the last decade. Your Microsoft stock has beaten the S&P 500 by a factor of three. You’ve been watching Apple’s share price slide for the last couple of weeks and it has made you wonder how much less your portfolio would be worth if you had lacked the vision to move your money to Microsoft a decade ago. So you visit [Bigcharts.com][1] and you create an interactive chart to satisfy your curiosity. [![AAPL vs. MSFT][2]][3] You feel a lump in your throat as you come to terms with your mistake. As a long-term investment vehicle, Apple has outpaced Microsoft. [1]: http://www.bigcharts.com/ [2]: /wp-content/uploads/images/aapl_vs_msft-small.gif [3]: /wp-content/uploads/images/aapl_vs_msft-large.gif

Posted by PJ on Mar 23, 2006 | Comments |