I demand compensation for my failed gamble!

There’s a nice piece in the New Yorker about Apple versus Wall Street.

Einhorn and Tepper paid an average of about five hundred and seventy-seven dollars for their shares, which suggests that they are each sitting on a paper loss of close to a hundred and thirty million dollars. Naturally, they aren’t pleased, but their predicament isn’t Cook’s responsibility.

In buying Apple shares last year, when the stock was heading for seven hundred dollars, investors were willfully ignoring the law of large numbers and the laws of supply and demand.

2 thoughts on “I demand compensation for my failed gamble!

  1. Eloquentlunacy says:

    Got a sneaky feeling someone didn’t do their homework – it’s pretty obvious to everyone else looking in that Apple’s inevitably going to/got to the point where saturation and product take-up is going to slow down. I’m a huge Apple fan boy, but even I’d have to admit that it’s heading from innovation to incremental updates.

  2. Gary says:

    I wouldn’t write them off just yet, but you’re right, the hyper-growth simply isn’t sustainable forever. That said, the relationship between Apple’s share price and its actual performance is utterly baffling.

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