5 Facts About the Stock Market That Will Blow Your Mind
04/02/2018
- Steve Job and Steve Wozniak originally had a
third partner when they founded Apple in 1976, Ronald Wayne. Wayne sold his 10%
share of Apple for $800 shortly after the company got up and running. His 10%
share would be worth $76 BILLION today had he kept his stake in Apple.
- The most expensive publicly traded stock of all
time is Warren Buffett's Berkshire Hathaway Inc (BRK-A), which currently trades
at $294,7900 per share as of April 2, 2018.
- The terms "bear market" and "bull market" originate
from how the animals attack their enemies. A bear swipes downward with its
claws, which is why a declining market is referred to as a bear market. Bulls
gore upward at their opponents with their horns.
- On an average day, more than $250 billion worth
of stock is traded on U.S. stock exchanges
- In 2005 a typing error caused a $225M loss for a
trader at Mizuho Securities in Tokyo. Instead of selling one share of a
particular stock for $5,041, he accidentally sold 610,000 for less than a penny
each. Needless to say, he was no longer working for Mizuho Securities by the
end of the day