The chart says it all. Apple, Google and Redhat have been doing a great job for shareholders. Microsoft, maintaining a five-year run of dismal performance in the stock market, was down 2% in 2005.
In one of my business courses at Western, a prof told me that an investor’s stock market rate of return, based on short-term buy/sell tactics, would rarely exceed the return of a bank’s chequing account. Nor, apparently, does holding MSFT for the long-term.