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Tuesday, 28 December 2021 Boom - John Madden Dies at 85 ★įor my generation, he and Pat Summerall will forever be the voices of football. (Let’s ignore that this whole thing has absolutely nothing to do with either the actual Law of Large Numbers or the Law of Truly Large Numbers.)Īpple’s market cap as I type this today: $2.94 trillion. To be clear, Stewart never predicted that Apple couldn’t continue growing at that rate - he just posited it as somewhat improbable. That is bigger than the 2011 gross domestic product of If Apple’s share price grew even 20 percent a year for the nextĭecade, which is far below its current blistering pace, its $500īillion market capitalization would be more than $3 trillion byĢ022. High earnings growth and a rapid rise in share price will slow as

In the case of the largest companies, it suggests that That a variable will revert to a mean over a large sample of Here is the rub: Apple is so big, it’s running up against the lawĪlso known as the golden theorem, with a proof attributed to theġ7th-century Swiss mathematician Jacob Bernoulli, the law states

Stewart, writing for The New York Times just under a decade ago:

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