Famed investor Patricof says this Apple blunder cost him billions

Apple is now valued at nearly $1 trillion and Patricof was bullish on the company’s future.

“There seems to be no end to where they are going,” he said. “Go to their stores, it still is jam-packed at two or three in the morning as it was two or three years ago.” Alan Patricof, one of the earliest investors in Apple Opens a New Window. , is regretting one major decision he made years ago that cost him billions.

He told FOX Business Opens a New Window. on Wednesday he once invested $315,000 in Apple stock that would be worth $2.5 billion today if he had held those shares. “It just makes me depressed,” he said to Stuart Varney on “Varney & Co Opens a New Window. .”

Apple is now valued at nearly $1 trillion and Patricof was bullish on the company’s future. “There seems to be no end to where they are going,” he said. “Go to their stores, it still is jam-packed at two or three in the morning as it was two or three years ago.”

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