and yet no power seems able to stem the lawlessness. Russia, as a case study, is wonderful. Unless, of course, you’re a Russian. ††† One more reason, if reason were needed, why people shouldn’t read this book to get actual investment advice. Apple’s 1980 IPO price was $22 a share, and circa 1997 the stock was indeed selling for around $30. But, even so, you would have been a fool to sell that share for $1,000. It’s now (allowing for splits and not counting dividends) worth more than $11,000. ‡‡‡ Unless Bill Gates buys the departments of Justice and Defense . In which case, watch out. §§§ Friedman borrowed (with full credit given) this example from a 1958 essay called “I, Pencil” by Leonard E. Read (1898-1983). In 1946 Read established the Foundation for Economic Education, the oldest free-market think tank in the U.S.
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