On: Lies that powered the invention of Pong

[inglor_cz]

I think the OP meant that 50K of dollars then are, after inflation, worth about 260K dollars now.

Not that a third of equity in Apple is worth 260K.

[tgflynn → inglor_cz]

That would be using a very high inflation rate since 1980 (around when I assume this must have happened). I think the official factor is closer to 3x than 5x.

[helsinkiandrew → tgflynn]

If it was a little earlier than 1980 it might be more realistic - inflation didn’t go below 6% between 1975 and 1983 and was often into double digits at that time

https://www.federalreservehistory.org/essays/great-inflation

[helsinkiandrew → inglor_cz]

That makes more sense - it's just a coincidence that the market cap of Apple is is now almost exactly 10^7 times larger than $260K