Wednesday, January 23, 2013

call me stupid

I am not a huge fan of Apple, the company (I am a big fan of apple, the fruit), but I just don't get how 13 billion dollar of profit in a quarter is somehow not great, even with high expectation.  It is just not possible for anything to grow indefinitely, well, unless you are Wall street.  Stocks used to be a tool for companies to raise money to improve their operations and for folks to get a return for giving the companies that capital, like interest.  But now it is basically just a legalized form of gambling, a not well regulated one.

(Update:  The Apple stock was possibly overpriced, so it is going to come down at some point.  But who the fuck knows, certainly not me.)

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