Apple Co-Founder Traded His Shares for Gold. Why That Was a Horrible Investment, in 1 Chart

Dec. 10 (Bloomberg) -- Apple Co-Founder Ron Wayne discusses what he has up for auction at Christie’s. He speaks on “Bloomberg West.” (Source: Bloomberg)

In 1976, Apple co-founder Ron Wayne sold his 10 percent stake in the company for $800 and said he has no regrets. Before auctioning off some early Apple artifacts today, he told Bloomberg TV that the first purchase he'll make with his proceeds is gold.

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