Breakthroughs and everyday innovations from the year.
HEADLINES ON November 3, 1988
Full News Archive
- Headline: The Art of Bentwood Furniture. Impact: If only Thonet knew that his bentwood chairs would one day be the seats of hipsters in overpriced coffee shops, he might've invested in wood glue instead of innovation. The chairs have caused countless caffeinated debates over the years, not to mention some serious back pain for those who dare to sit for more than an hour.. Fact: Did you know that Michael Thonet was the original hipster? He was bending wood before it was cool, and his chairs are still more fashionable than some of the outfits people wear today..
- Headline: Dow Jones Slightly Rises in Mixed Market. Impact: The Dow gaining 5.87 points in a 'listless session' is like getting a participation trophy in the stock market. This insignificant bump likely led to an endless cycle of investors thinking they’ve got the Midas touch, causing economic fluctuations that have haunted us ever since. Thanks, Dow, for keeping mediocrity alive!. Fact: Did you know that a 5.87 point gain is basically the financial equivalent of finding a quarter in your couch? Congratulations, Wall Street! You're still broke!.
Wall Street Time Machine
AAPL
Apple
Apple - If you invested $1,000 in 1988, it would be worth $884,238 today (884.2x return)
MSFT
Microsoft
Microsoft - If you invested $1,000 in 1988, it would be worth $2,037,337 today (2037.3x return)