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There is a real weight of gravity around that much cash. I would guess the returns of having 10x the cash of your nearest competitor, and publicizing that fact
by vessenes 10y ago
There is a real weight of gravity around that much cash. I would guess the returns of having 10x the cash of your nearest competitor, and publicizing that fact exceeds T-bill returns for instance.
- mikeyouse 10y agoYeah true, and Apple's "Cash" isn't just cash but likely includes tons of government debt and other low-risk securities that return somewhere >0. They have an exceptional treasury team, which probably my favorite fun fact about Apple, operates a separate company called "Braeburn Capital". Article about their cash woes when they "only" had $120B to invest: https://www.theguardian.com/business/2012/oct/26/apple-investment-manager-braeburn-capital https://www.theguardian.com/business/2012/oct/26/apple-inves...