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Probably true (given that it’s true of me and I work in finance), but again irrelevant to my point. I’m not sure how the principle is not actionable in practic
by pgwhalen 4y ago
Probably true (given that it’s true of me and I work in finance), but again irrelevant to my point.
I’m not sure how the principle is not actionable in practice. Surely recognizing that everyone has iPhones and that trend isn’t stopping is enough for a lay person to recognize AAPL is reasonably safe as an investment.
- nightski 4y agoAAPL might be a safe bet, but maybe not? I'm sure the company will be profitable for quite some time but stock prices are not driven by profits as you know. They are built on expectations. A lot of the expectation for Apple is built into it's $2T market cap. You might of thought AAPL was a safe bet at the beginning of the year, but now it's down 22.23%. At this point we don't know if it's going to take a year to recover or a decade. So I know I am preaching to the choir but it's not just "company doing well so stock is safe". There's the context of the overall economy not to mention a lot of companies look like they are doing great until one day they don't.