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On the campuses of Google and Apple, high-design bathrooms or espresso bars might look very different from the average non-tech company but their balance sheets
by 001sky 14y ago
On the campuses of Google and Apple, high-design bathrooms or espresso bars might look very different from the average non-tech company but their balance sheets show the same vast piles of idle cash you’ll find at Pfizer or Chevron. If we were living in an era of accelerating technological progress, Apple could reinvest its returns in new projects instead of fighting patent battles over old ones while moonlighting as the world’s biggest hedge fund.
-- Insiders with idle cash: The sound of silence speaking a thousand words.