The power of the market

The Herald reports that in August 2008 the share price for RIM was $132.40 and for Apple $176.03. Fairly close.

Today the price for Apple is $701.91 and RIM is $7.25.

So four years ago $100,000 would get you 568 Apple shares or 755 RIM shares.

If you had invested in RIM you would now have $5,475 left – you would have lost 95% of your $100,000.

If you had invested in Apple you would now have $398,744 and would have 299% of your $100,000.

Now it is very sad for all the RIM staff who have lost their jobs, and all the RIM investors who have lost 95% of their investment.

But is how the market works. Some companies succeed, and some fail. Some people get rich, and some become poorer. Yes, you have massive income and asset .

'm not surprised by the fall off in value for RIM. Three years ago almost everyone in had a . Now I see one about as often as Haley's comet. Quite simply Apple produced a much better product, and customers voted with their feet.

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