“Google/Apple invest their cash hoard very conservatively, in things like short-term treasuries, because of which their returns are very low” This is actually

“Google/Apple invest their cash hoard very conservatively, in things like short-term treasuries, because of which their returns are very low” This is actually wrong. Apple alone wholly owns one of the world’s largest investment funds - Braeburn Capital - that actively manages over $270b of Apples assets leveraging very sophisticated investment strategies. The extent to which managing its cash is now a value-add part of Apple’s business is well outlined in the tongue-in-cheek article from WSJ “Apple Is a Hedge Fund That Makes Phones” https://www.google.com/amp/s/www.wsj.com/amp/articles/apple-is-a-hedge-fund-that-makes-phones-1535063375 https://www.google.com/amp/s/www.wsj.com/amp/articles/apple-...