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Far-sighted Software companies? Those’ll never last!
Apr 27Kottke recently published a chart showing the relative stock performance of Apple and Microsoft over the last 25 years. The first impression is startling. Anyone remember when Apple stock was under $12? I do. Remember when Jobs got kicked out, and a year later, a lot of MS fanboys starting taunting Apple-fans for their misguided loyalty?
Long term thinking is not something our society, and more importantly, our economy, has much patience for. Or any patience, come to think of it. That word seem to have disappeared from the popular culture. When was the last time you heard a politician urge his/her audience to “be patient”? Doesn’t work, right?
Looking back at the graph, we see the little line of Google moving up, some 20 years after the initial splash of AAPL & MSFT. Still low on the chart, we see Google paralleling the rather flat performance of Microsoft. Considering how Apple did in it’s first 20 years, I wonder what this graph will look like in another 10?
Someone tweeted yesterday (I think it was Clay Shirkey, retweeting Kottke) that if he’d bought Apple stock instead of his old G3 iBook, the shares would be worth $140,000. Of course, maybe the work he did and got paid for on that G3 is worth way more than that. But the statement does raise an eyebrow.
Apple’s Jobs & Wozniak created their company becuase they wanted to change the world. Gates & Allen created Microsoft to make a lot of money, and ultimately, aspired to rule the [commercial, corporate computing] world. There’s a huge world-view of difference in those two primary motivators. People who want to change the world have a slightly larger perspective from those who merely want to rule it. You need a far, far bigger brain to imagine the effects of the former. Who knows what things will look like when Google, Twitter, et al. are approaching their 30th birthdays?