Buy and Hold

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 , would today be worth $92 billion.)

Just saying.

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