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If You Sold Your Apple Stock Today, You’re An Idiot
- tatsuke95 15y agoOnce again MG demonstrates his utter lack of understanding of how even the stock market works. And this guy was in demand as a VC? Unbelievable. >But here’s the thing: those expectations were ridiculous and flawed and once again show that analysts have no idea what they’re talking about when it comes to Apple. If those expectations were ridiculous and flawed then the price of the stock was also ridiculous and flawed, since the price of the stock (aside from wild speculation) is a function of expected future earnings of the company. They blew the earnings call, and the price dropped. Not rocket science, not a knock against Apple as a company. In fact, you could have likely sold your shares of Apple yesterday, and rebought them today and made a profit, making you not an idiot, but a clever arbitrageur.