AAPL Reaches New Record High
Posted by Tyler Durden on March 20, 2017 1:25 pm
Tags: Business, Finance, Financial economics, MONEY, Share price, stock, stock market, Stock valuation
Categories: Business Economy Finance Financial economics money Share price stock stock market Stock valuation
Absolutely. Paper wealth is sooo intoxicating, until paper promises go poof.
Example: Radio Corporation of America (RCA)
From RCA’s 1929 high of $114 the stock price dropped for the next three years, reaching it nadir of less than $3 per share in 1932.
RCA was the predominant technology leader of its day. Nevertheless, it lost 97% of its value.