Image courtesy of psdGraphics

Three months after lamenting my failure to capitalize on Apple’s stock run-up (see Thought Different), Brett Arends provides some emotional comfort via his recent MarketWatch commentary.

Back in 2003, Steve Jobs volunteered to cancel all his Apple stock options in return for a smaller number of shares, worth about $75 million at the time. In hindsight, Jobs would have been better served to keep his original options as it would have netted him an additional $10+ Billion—about 5x his current net worth.

Arends asserts Jobs’ move qualifies as one of the “dumbest trades ever.” I disagree. This is simply a case of retrospect rather than regret and it further emphasizes the point of my original post: while it certainly could have been better, over the years Apple has been very good to me.

I think Steve Jobs would agree.