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I'd be more worried if Apple didn't have 256 billion dollars in cash reserves, which is frankly a kind of insane amount. Can't find how much cash Sears had on h
by rtkwe 9y ago
I'd be more worried if Apple didn't have 256 billion dollars in cash reserves, which is frankly a kind of insane amount. Can't find how much cash Sears had on hand in 1973 but the equivalent to Apple's cash on hand vs building would be 7.6 billion.
- graeme 9y agoI think the idea is more that a company builds something glorious at the time it enters into decline. Parkinson noted this tendency. See the law of buildings in this excerpt: https://johannesdeberlaymont.com/2016/06/10/c-northcote-parkinsons-law-of-buildings/ https://johannesdeberlaymont.com/2016/06/10/c-northcote-park... Sears helped confirm the rule. I hope it doesn’t apply in Apple’s case; I like them.