Apple's growth record is staggering. The company's share price has risen more that 300-fold since flotation. It recently became the first company in history to reach a market capitalisation of $700 billion, giving it a bigger value then the entire stock exchanges of Mexico, Russia, or Saudi Arabia. In the first quarter of its current fiscal year, Apple generated more than $30 billion of cash. At that rate, it could pay off Greece's entire debt burden within three years.
Nothing is more dangerous than the tendency to extrapolate from a recent trend.
-Buttonwood, two excerpts from the "The curse of the top dog" essay