Stock picking is true for even us Global Macro types.
Past may not be prologue as the WSJ article from where the chart is sourced argues, but this is one incredible 10-year outperformance.
Microsoft for the past decade also has paled in comparison as an investment. Someone who invested $10,000 in Microsoft stock 10 years ago and reinvested the dividends would have about $13,000 today, according to FactSet. The equivalent figure for Apple would be $700,000.
Hat tip to the great Jason Zweig via Twitter!
(click here if chart is not observable)
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