The Smartest Big Bet by a Billionaire

It was to acquire about 20% of the shares in Apple Computer shortly after the IPO.

This bet was so good that it paid for 5 big bets in airlines that all failed.

He was a barnstormer. Like Howard Hughes —- loved flying.

Thought people would want to go to Cuba and South America on Flying Boats that were like sleeper cars on trains, and had private bathrooms, and a Diner Car, and a Chef that cooked meals.

He bought it. He built Marine Air Terminal in NYC.

They did not come.

So he had huge losses.

All of which were more than covered by his big bet on Apple Computers.

Jobs did the jobs.

Apple shined.

Which proves that “Things Happen” … a point that was already known.

Like proving the sum of two numbers is greater than either of the numbers.