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April 16th, 2012
01:22 PM ET

Only In America: Piers Morgan on Apple's growth yielding sour grapes

On Friday, host Piers Morgan used his "Only in America" segment to detail the depth of a bad day, placing problems in a proper perspective:

"Kids playing up again? Weather getting you down a bit," asks the "Piers Morgan Tonight" host:

"Well, cheer up. At least you're not Ron Wayne."

On the surface, being Ron Wayne doesn't appear all that awful. A retired engineer, he lives in Nevada, collects stamps, and plays the slots in Vegas. However, as the calendar springs into April each year, Wayne likely reflects on events from more than a quarter century ago:

"You see, on April the first, 1976, Ron started a company with a couple of friends. You may have heard of them: Steve Jobs and Steve Wozniak," explains Morgan. "The firm was, of course, called Apple."

For his role in the endeavor, Wayne earned 10 percent of the business. But he soon became antsy, questioning the decision, and two weeks later, "Ron bailed out his stake, for $800."

It was a decision he'd come to regret:

"Today, that 10% stake in Apple would be worth...wait for it...58 billion dollars," reveals Morgan. "Ron, if he'd just been a little more patient, he would now be one of the richest two or three people alive."

Today 78-years-old, Wayne has never purchased a single Apple product, but refuses to second-guess himself:

"You make a decision based upon the understanding of the circumstances, and you live with it," he says. "There's nothing you can do about yesterday."

Only in America, reminds Morgan: "However bad your day's been, spare a thought, for Ron Wayne."

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