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Those companies, maybe with the exception of Facebook and Microsoft, are literally only possible because of paper money. Take out the paper they hold from their
by insert_coin 6y ago
Those companies, maybe with the exception of Facebook and Microsoft, are literally only possible because of paper money. Take out the paper they hold from their balance sheets and their size goes down in half. Take away their ability to own their markets by issuing debt bonds, which would mean competing with the revenue generated by their own products, and you kill them.
Apple became the biggest company in the world not only because they create products everyone wants, but equally because they are masters at managing money and debt. That is what gives them the edge in production as they barely produce anything. They are probably the best at managing financial assets by far.
And Tesla, well Tesla is very bad at building cars, they are bankrupt without paper profits. They shouldn’t be on that list.
Semiconductors is not harder than any other cutting edge industry that has come before. Taiwan is not special, they are 20 million people. A good chunk of them trained and educated in the US.
- sfifs 6y agoAlso note that as far as hardware production is concerned, Tesla is the only company on that list that actually manufacturers anything at scale in the US anymore.
- astrange 6y ago> Apple became the biggest company in the world not only because they create products everyone wants, but equally because they are masters at managing money and debt. What, by not having any? The correct amount of cash for a company to have is $0 because it's not a productive asset, as you say, but Apple's strategy ended up with them having hundreds of billions of it overseas. That is literally the opposite of MBA philosophy, not an even better version of it. (And they own a factory in Ireland.)
- insert_coin 6y ago> That is literally the opposite of MBA philosophy, not an even better version of it. Who said anything about MBAs? The Apple way is clearly the better way to do it at the moment, and has been for the last decade. The MBAs at Intel are not even in the same league. And Apple owns factories in the US too. They own them for other reasons, not because they "need" them to make products or are profitable on their own.