Is First April, a Fools Day? While the world was busy fooling people or getting fooled, three individuals got together to create the world's biggest company on 1st April 1976. Guess which company it is? Yes, it is Apple. Apple reached the 3 Trillion Dollar mark on January 2, 2022, when its share price touched $182.86. Apple was also the first company to hit a $1 trillion market cap on August 2, 2018. It just took a little over two years to double its market cap to $2 trillion on August 19, 2020, despite Covid-19. Apple Computers, Inc. was formed on April 1, 1976, by college dropouts Steve Jobs, Steve Wozniak, and Ronald Wayne, who was then working at Atari as a chief draftsman. Jobs was 21, and Wozniak was 26. They wanted to make computers small enough for people to have them in their homes or offices. Both Jobs and Wozniak were young and enterprising, but Wayne was nervous and skeptical about this venture's prospects. He was 41 then and did not want to stake his savings on these young lads. After 12 days, he sold his 10% stake in the company back to Jobs and Wozniak for $800. Little did Wayne forecast that the young Turks could put a dent in the universe... Today, a 10 percent stake in Apple would be worth $285 Billion. This number is bigger than the biggest Indian company Reliance Industries, whose market cap is around 230 billion. It doesn't end there... Wayne kept his original partnership contract from 1976 for many years until the early 90s, when he sold it for $500. Wayne told Cult of Mac. "I had this Apple contract sitting in my filing cabinet, covered in dust and cobwebs, and I thought, 'What do I need to hold onto that for?" According to The Filthy Rich Guide, the same contract was sold at an auction for $1.59 million in 2011. Image Source: https://www.cultofmac.com/475927/ron-wayne-quits-apple/ Now Wayne is more than 80 years old and Networth is less than 500,000. So what do we learn from here? For me the following are 4 key takeaways from this story… Patience is a virtue and a much necessary trait when it comes to investing or building a start-up. It is vital to see the bigger picture and, more importantly, trust your team instead of having a narrow, short-term vision. It is essential to take some risks or Maybe a little more to achieve big things in life. While someone somewhere is busy creating another big company like Apple, you can build one or invest intelligently in many such companies. You could end up being a part of something huge and create lasting wealth for yourself in the process. Is there anything else you can learn from this story? Share your views in the comments below.. Now, Coming back to my original question, Is April 1 the Fools day? Yes and no, I guess... Please share your thoughts on the above... Arrange a Free Consultation to understand how you can participate in the growth story of worlds largest companies and create lasting wealth for yourself in the process. Visit http://bit.ly/Meet-Damodhar-Mata to arrange to schedule our meeting.
