"So Dad, there's this company called Apple. They make a new kind of computer that's as well designed as a Bang & Olufsen stereo system, and underneath is the best Unix machine you can buy. Yes, the price to earnings ratio is kind of high, but I think a lot of people are going to want these."
3.267x return over 4.5 years = 30% annualized. Mr. Graham must be happy.
"[2] Y Combinator is (we hope) visited mostly by hackers. The proportions of OSes are: Windows 66.4%, Macintosh 18.8%, Linux 11.4%, and FreeBSD 1.5%. The Mac number is a big change from what it would have been five years ago."
It would be interesting to see a comparison between the "five years ago" 2000 stats, these 2005 stats, and the current 2009 stats.
I'm sitting on some shares of $10.60 AAPL from the 90's that I picked up as a pre-teen enthralled with Macs. Apple has really gone quite far in even a decade.
"So Dad, there's this company called Apple. They make a new kind of computer that's as well designed as a Bang & Olufsen stereo system, and underneath is the best Unix machine you can buy. Yes, the price to earnings ratio is kind of high, but I think a lot of people are going to want these."
3.267x return over 4.5 years = 30% annualized. Mr. Graham must be happy.