Alby_da_Wolf on 21 January 2012
| Jumpin said: Steve Jobs never took credit away from anyone; in his letters to stockholders he would always say how great a team that Apple had, and that it was the best in the world. The only complaint I think can be had against him was his personal philanthropic record. Apple also made more millionaires than any other company ever has. Just to re-iterate from earlier, saying Apple is worth more than Greece is silly- GDP and Market Cap are completely unrelated - one is a revenue expenditure, the other is a cost. Greece's GDP is simply how much the populace spent in a 1 year period. You can't buy Greece for 400 billion, you can't even buy all the residential homes in Athens for 400 billion - you can buy Apple for that price though (if everyone sold their stock) - if everyone in Greece sold their assets and the state sold its resources and national treasures (Ancient ruins, park lands, etc...) if that occurred, at least several trillion would be required - far more than what is required to buy any company. |
This. Happy you pointed it out, as soon as I read the title impying Greece could be bought for $400B I jumped on my chair. Heck, I'm Mr. Nobody, but if I ever found a way to buy Greece for that sum, any bank with enough money would be glad to lend it to me, I could repay the debt with princely interests and keep trillions profits for myself even reselling Greece at fire sales prices.
