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If you don’t recognize the first part of the title, maybe you will feel as aged as I did when I realized that the movie from which that memorable quote was taken, “Good Will Hunting,” was 28 years ago. Wow.
Now consider the price of the third largest stock in the world, Apple (AAPL), which was trading around $252 a share on Wednesday afternoon. Back in 1997, when that movie was released, its high and low for the year, on a split-adjusted basis, was… wait for it… $0.22 to $0.10. I wonder how many investors thought at the time “dang, I top-ticked AAPL this year, you can’t make money doing that.”