Seeing little value to having it sit forever in a file drawer, Ronald Wayne sold his copy of a 1976 contract he’d signed with Steve Jobs and Steve Wozniak for $500. A nerdy collector’s item. Why hang on to it?
A couple of decades later, in 2011 — and this has got to smart — that document sold at auction for $1.59 million.
(Oh: and the document itself gave Mr. Wayne 10% of Apple which, had he not sold it back to them 12 days later for $800, would today be worth $92 billion.)
Quote of the Day
Follow a tip from a company's president and you will lose half your money. Get a tip from the chairman and you'll lose all of it.~Bennett Goodspeed (The Tao Jones Averages) quoting a canny Scot.
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