As I write this, our recent stock performance has been positive, but we constantly remind ourselves of an important point – as I frequently quote famed investor Benjamin Graham in our employee all-hands meetings – “In the short run, the market is a voting machine but in the long run, it is a weighing machine.” We don’t celebrate a 10% increase in the stock price like we celebrate excellent customer experience. We aren’t 10% smarter when that happens and conversely aren’t 10% dumber when the stock goes the other way. We want to be weighed, and we’re always working to build a heavier company.
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Showing 40 posts tagged stocks
But if you could buy dollar bills for 80 cents, it’s a very good thing to do.
Warren Buffett, talking on CNBC about what Apple should do with its cash.
Interesting that the advice he gave to Steve Jobs about the cash a few years back was to buy back some Apple stock. Jobs obviously didn’t do that. Now Apple has an insane amount of cash.
Or, in Buffett terms: “They may have too much cash.”
Tim Cook and Apple Versus Wall Street
John Cassidy for The New Yorker:
During the past year alone, as Cook pointed out today, its revenues have risen by forty-eight billion dollars—more than those of Google, Microsoft, Dell, Hewlett-Packard, and Nokia combined.
You might think that would be enough to satisfy the velociraptors on Wall Street, but you would be wrong.
The entire piece is worth the read.
High-res
Filed under: Would Have Been A Good Idea. (See: Date)
Google's Schmidt to sell roughly 42 percent of stake
The old adage: Buy low, sell high, and release such news on Friday afternoon after the market closes.
The world thought Apple (in Model-T terms) was entering 1925. Now it thinks early 1926 may be closer to the mark.
So don’t buy our stock — instead buy our products and enjoy our investments.
Jeff Bezos to Wall Street in 2005 after the stock had fallen more than 40 percent for the year.
As David Streitfeld notes for NYT:
That was bad advice. The stock is up almost 700 percent since then, hitting a record this month.
Brilliant, as always.
Amazon’s price-earnings ratio is currently a mind-boggling 3,275x. Apple’s is 10x. Traditional valuation metrics are obviously pointless for Amazon, but if you were to use Amazon’s PE for Apple, the stock would be trading at $144,618 per share, for a market cap of $136 trillion.
Jay Yarow of Business Insider riffing on Mark Geimein’s post on Bloomberg about Apple versus Amazon in the profit department.
[via Warren Colbert]
Buy Apple On January 18
That would be today. Joe Springer makes the compelling case why on Seeking Alpha.
By the way, I made good on my word and bought (just a few) Apple shares once the stock sunk below $500 the other day.
For tech investors, it's hard to know...
My main takeaway from this article by Sam Forgione and Nicola Leske for Reuters is that Wall Street analysts have no fucking clue what they’re talking about when it comes to tech stocks (no shocker there).
They’re seriously buying and selling based on bullshit. Or worse, stale bullshit.
