I paid $281 so that I can go to this party next year.
When he was forced out of Apple in 1985, Steve Jobs owned roughly 11% of the company. He sold all his shares but one, according to legend, so that he would still get the company’s annual report in the mail.
I bought my share so that I might be allowed to attend the 2021 annual shareholders meeting and, more important, go to next year’s Apple 3.0 friends-of-the-blog meet-up. (See here and here.)
I have no idea whether I paid too much or too little for a fraction of a billionth of the second-most valuable public company (after Microsoft). If I find myself rooting too hard for the stock to go one way or the other, I may have to sell it.
It’s hard enough being objective about Apple without having a stick in the fire.
We missed you terribly in the meeting-after-the-meeting, and now you’ve REALLY given us something to look forward to! We also missed other friends-of-the-blog like Robert Paul Leitao, Horace Deidu, and many orhers too numerous to name.
In fact, with 18 folks who signed up over a few day period, we may need to go the next step and rent a banquet hall. Maybe even invite an Apple leader to give a brief presentation.
There are other thoughts we mulled over as well, such as a philanthropic group and a “virtual presence” for those unable to attend in person.
BTW, we pretty much owe this whole idea to George Ewonus of Victoria, BC, and Philip, who between them created the original spark that lit Donna’s and my tinder. Thanks, George! And thank you, Philip!
“…the second-most valuable public company (after Microsoft)…”
Not for long. Microsoft just warned that they too see “…weakness in its PC business due to a hit to its supply chain from the coronavirus outbreak…”.(Reuters)
Apple came out early, which actually now puts them at an advantage. I expect they’re likely to regain the market cap crown yet again in short order.
I planned to attend this year‘s AGM yesterday, booked a cheap flight in October and landed yesterday 2 pm in San Francisco, a bit late!!
So I am enjoying San Francisco and California now until Sunday and plan to come back next year for the AGM and the friends of the blog meeting! See you next year, hopefully!
The luncheon was a hearty gathering but the informal session afterwards in the lobby was one of the more sharing Apple events I have attended. The group conversations flowed and strengthen in meaning with Apple salience for another couple of hours. Then another group of four continued their discussion on Apple and all things Apple until midnight. The last two individuals, myself and Kirk DeBernardi, did not end until 3:00 am Thursday morning. WOW!
Thanks to all of you who made the event possible and especially to those in attendance who shared their ideas and thoughts on Apple stock and all things Apple. It was a festival event.
Thanks especially to Joe and Donna for being such gracious hosts to us all.
Jerry D
But be careful, it is a slippery slope. Your first bite of AAPL can very quickly become a gateway investment.
So if you get the urge to buy another share – you may feel the need to rationalize it – saying perhaps you did it to keep the first share company.
Whatever your rationale, just keep in mind, the day that happens – I suggest you not tell anyone how many AAPL shares you actually have. Instead, just say that you’ve doubled your stake in AAPL.
Then you’ll also have acquired something arguably you can’t put a price on. Bragging rights.
Because when people hear you had the smarts to double-down during the great existential Corona virus panic of 2020 – you’ll have more than just shares in one of the most beloved tech stocks of all time – you’ll have Street Cred.
Like a bad case of gas, this too will pass.
“So if you get the urge to buy another share…”
Actually, PED may not have to buy another share to gain one or more. Apple may soon decide to split again….
I’m just sayin’….
Note: 3% for PED, based on the stated purchase price of $281. So, on the other hand, good job PED for not buying *yesterday*.
So at least they will still be selling one. Every year. Every every year.