3 Amazing Facts About The Stock Market

From suicide-inducing losses to the unprecedented strokes of luck that brought immense wealth to individuals, the world of stock markets is full of intriguing facts. Here are three facts worth knowing:
Fact 1
Something interesting happened at Apple in the summer of 1997: Apple’s stock fell to a 12-year low that was caused by the sale of over 1 million shares of the company’s stock by an unknown individual who later turned out to be Steve Jobs. Gil Amelio, then Apple’s CEO, was furious to learn that Steve Jobs had staged the whole incidence just to get him out of the company and take over himself. The coup was successful, and the directors quickly made the crafty Steve Jobs, the new CEO of Apple. The company’s stock price climbed drastically thereafter.
Fact 2
Ever wondered how the stock markets came to describe rising prices as “bullish” and falling prices as “bearish”? It all started with Spanish knights (Caballeros) in California. In the very olden days before the Klondike gold rush, the Caballeros used to pit Californian grizzly bears against bulls and watch the fight to their amusement. While the beasts would be at it, the spectators would observe that bulls hooked their heads upward while bears seemed to swipe their heads downwards. Since then, punters began using the analogy in stock markets. Sadly, the deathly fights led to the extinction of the Californian grizzly bear. Not nice.
Fact 3
The DEAC (Dutch East India Company) lay the foundation of the modern multinational companies: created in 1602, it was the first-ever multinational corporation. As it’s the norm with corporations today, DEAC issued stocks – the first company to do so – and was controlled by a board of directors. Unlike modern corporations, however, shareholders didn’t have much influence in the operations of DEAC. Shareholders were lavishly rewarded, though, average dividends were as high as 16% at the peak of the granddad of all corporations.
Bonus fact: Ronald Wayne was the only co-founder of Apple, who wasn’t called Steve (others were Steve Jobs and Steve Wozniak). He sold his 10% share in Apple in 1976 for a paltry US$800. That share would have been in the region of US$10 billion today. Regrettable.

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