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Bravo for Apple. iPod, iPhone, iPad, Air... has been a truly amazing decade!
by padmanabhan01 15y ago
Bravo for Apple. iPod, iPhone, iPad, Air... has been a truly amazing decade!
- erickhill 15y agoWhen Apple has a mishap (e.g. "antennae gate") it really doesn't hurt anyone in the long run. When Exxon has a mishap (e.g. the Valdez in 1989 and ensuing punitive damages http://en.wikipedia.org/wiki/Exxon_Valdez_oil_spill http://en.wikipedia.org/wiki/Exxon_Valdez_oil_spill), where in turn "J.P. Morgan created the first modern credit default swap in 1994, so that Morgan's would not have to hold as much money in reserve (8% of the loan under Basel I) against the risk of Exxon's default." In a weird way, Exxon triggered the beginning of the madness. That all being said, Lion's new "natural gestures" could come back to haunt us all in about 10 years. EDIT: To be fair, Apple didn't have to do anything. Over the past 2 weeks, Exxon has lost around 17%. They've simply passed Apple on the way down.
- iqster 15y agoJust a correction: Morgan Stanley invented the CDS. J.P. Morgan came later.