Investing 102

[Sieg]

As a Microsoft shareholder I was seriously upset to hear of Steve's departure.









After all, in '99 I had 80 shares @ a $93 avg cost. Look what he did for me!

Thankfully a couple splits and buying 100 shares in '13 @ $27 got me back in the green.

[GregWeld]

Originally Posted by Sieg

As a Microsoft shareholder I was seriously upset to hear of Steve's departure.









After all, in '99 I had 80 shares @ a $93 avg cost. Look what he did for me!

Thankfully a couple splits and buying 100 shares in '13 @ $27 got me back in the green.

The ONLY reason it's green right now is because he was replaced. I believe pushed out... because of the repeat of another OS that is needing major revision and is managing to further piss customers (enterprise customers) off. He was a failure at phones - a failure in the tablet market - and produced a series of bad software (mistakes) as well as made a fool of himself (thus the company) repeatedly.... "the monkey dance".... "Screw Janet Reno"... the iPhone comments stated earlier.

The most interesting thing I can point a person to is to go to Google Finance and pull up a chart of MSFT -- click on ALL so it shows the history of the stock dating to 1986... (My wife started there in 1984) and see the PEAK in 1999. That was when Bill Gates announced Ballmer would be CEO. It then stumbled along until they announced his departure.

Having said all of the above -- had you bought the IPO.... You'd be up 46,000 PERCENT. Every dollar you invested would now be worth $46,000. $10 (ten dollars) would be worth half a million... $1,000 would be worth 4.6 MILLION.

That story is what pushes people into IPO's to this very day. Everyone wants to be in the next MSFT.

[glassman]

my peabrain cant even comprehend 46,000%. Wow. And that was just before the time Lynch wrote "one up on wallstreet" where he was sayin "you hit true pay dirt if your stock is up ten fold". But i guess that is "tech" stocks (*that i dont know) vs stocks i do know/see/recognize (oil, consumables, entertainment )

Great stuff the last few pages.