Apple (AAPL) was a stock I bought earlier this year after watching it fall from $700 to $450. My thesis at the time was that it was an over reaction to slowing sales and the drop in management skill from Steve Jobs to Tim Cook. Based on valuation, I felt it couldnt go much lower, and […]
In December 2012 I had a post about the coming rise of the Google Chomebook. It is starting to to look like the Chromebook is gaining traction. http://www.bloomberg.com/news/2013-07-10/google-chromebook-under-300-defies-pc-market-with-growth.html Quoting from the article, “Chromebooks have in just the past eight months snagged 20 percent to 25 percent of the U.S. market for laptops that cost less […]
Another article here discussing how the Fed’s Quantitative Easing was a boondoggle – leading me to question whether or not this policy was just a stealth bank bailout. http://www.huffingtonpost.com/robert-auerbach/massive-misconceptions-ab_b_3490373.html The authors point is that all the money the Fed pumped into the economy ended up sitting at the banks as ‘excess reserves’. Why? because the […]