In May of last year, Apple's market capitalization passed Microsoft's, making Apple the world's largest tech company and cementing Steve Jobs' status as one of the greatest creators of shareholder value in the modern era. But for all of the shareholder value that Jobs has created in the past thirty years, can he also spot undervalued shares? Or are running a company and running money two different skills, entirely?
Steve Jobs hasn't historically been in the business of giving investment advice, but at one point in 1979, just a year before Apple Computer went public, Alice Schroeder reports that he did just that. Courtesy of a brief aside on page 470 of Schroeder's extraordinarily good biography of Warren Buffett, The Snowball, we meet the young Steven "Glenn Beck" Jobs, confirmed goldbug.
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