The Visual Capitalist comes though again with an animated tale of the last 120 years of world reserve currencies. Some screen shots and commentary below: The start of the 20th Century is the end of the British Empire. The USD is a minor currency. The British Pound is by far the world’s most popular reserve currency and the world’s international trade settled in London, not New York...
I always through the company name Intel was a just the first five letter of “intellegent” or “intellegence”. Wrong. It’s a portmanteau of INTegrated ELectronics. This was one of the many tidbits of knowledge that have shown up in The Snowball, the “other” biography of Warren Buffett. Turns out Warren had the opportunity to invest $100,000 into the initial...
Do you remember my journey down the 8-bit computing rabbit hole? Well… if you are going to do something for fun like designing an upgraded 1976 CPU and writing a 1979 personal computer operating system, you might as well go all the way and write the accompanying book too, in the matching late-1970s style. I read a lot of fan fiction in my free time, but I don’t recall ever seeing much...
Apple went public in December 1980. They successfully raised $100 million at $22 per share. They’ve split those shares 2:1 three times since then, and 7:1 once, and 4:1 once, plus they’ve bought back a lot of shares, but roughly that $22 share today is worth at least $40,000. Screenshot If you read this blog, you know that rise in value isn’t what mosts interests me, but rather...
