Word: stocking
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Then he burned out. Like others on the executive team, he had made a small fortune in Apple stock - $26 million by some accounts - and he didn't need to work anymore. What he wanted to do, he told Jobs at a meeting in the boss's office one September day in 2005, was build a house on the beach in Mexico, drink margaritas with his wife and toast the setting sun. Rubinstein told Jobs he wanted out. "He goes, 'Really?'" Rubinstein thunders, imitating a man in shock. Then he chuckles...
While I'm not giving up my iPhone yet, the Pre is certainly the first sexy alternative. Palm stock has surged, from $1.42 a share in December to about $13 last week. And the more I hear sources at Apple dissing the WebOS as not being all that revolutionary, the more I suspect this could turn into a marathon after...
...Have you checked your 401(k) balance lately? Since the beginning of this decade, the stock market has been a money pit. At the market's nadir in early March, stock investors had lost more than 50% since March 2000, if you factored in inflation. Things have improved since then--to a mere 40% loss...
Finance scholars also bolted a third plank onto Smith's two reasons this was so and would continue to be: stocks were riskier than bonds, and stock investors were thus being paid a premium for taking on that additional risk...
...retained his reputation. That's partly because his book (the fourth edition of which was published last year) is full of warnings that when he says long run he really means long run--say, 20 to 30 years. It's also partly because in March 2000, just as the stock market was peaking, Siegel warned in a Wall Street Journal Op-Ed column that technology stocks were headed for a precipitous fall. But it's mainly that, despite the market carnage of the past year and decade, Siegel's basic argument that "stocks will remain the best investment...