Apple, The Greatest Stock Of The Decade
Companies / Tech Stocks Aug 28, 2011 - 02:52 AM GMTBy: DailyWealth
As the brilliant Steve Jobs leaves his CEO post at Apple, we must agree with the stock market and say, "Well done, Steve."
Few days go by without one of the White House's lawyers, lobbyists, and college professors going on television to vilify "rich" Americans. What those folks don't realize is that the great majority of rich people got where they are not through the political way of favor peddling, pandering, and making hollow speeches. The great majority of America's rich got where they are the way Steve Jobs did…
A college dropout, Jobs started Apple in his parents' garage... without anyone in the government telling him how to build a computer or an iPhone. Jobs worked hard, learned his market, and helped create a tremendous amount of value for society.
As you can see today, the market rewards this kind of behavior. Apple shares traded for around $7.25 during the March 2003 market low. They now trade for $374 per share... a 5,000%-plus gain. The White House would do well to note this chart, note how hard-working entrepreneurs make America great... and then get the hell out of their way.
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