👋 Hey, George here! I’ve transitioned 1-1-2-3 to Substack & brought you over. You may have noticed a similar email via Substack - this double-up won’t happen again. All new editions will come via Substack from now on. Hope you don’t mind this double-up once. I will close down the Revue newsletter shortly.
Did you know that if you bought MSFT stock at the highs in 2000, it took 15 years to get back to breakeven?
Wonder what will happen this time around? MSFT dropped ~22% from its peak in November 2021.
It took Satya Nadella, the current CEO, 997 days from the date of his appointment to get the stock back up to its 2000 peak.
Even with the current drop, MSFT is trading at 7x price from the start of Nadella’s appointment.