The furor over Apple stock brings to mind two statements that resonate through history in the investor’s graveyard.
First, I have to have it! Second, this time it’s different!
Let’s travel back in time for a moment. Centuries ago, Frenchmen were lining up in droves in order to buy shares in John Law’s Mississippi Company.
After all, North America was the new world and the riches to be derived from precious metals, furs, and commodities were practically immeasurable.
Ships with settlers were traveling to the region to develop the land and enrich themselves. Therefore, how could it...