Best Business Commentary
If only stocks were like tainted toys. Evaluating Apple's core.
Iwant a recall
“If only Mattel Inc. were in the brokerage business,” says David Weidner in MarketWatch. Then maybe we could have a recall of “radioactive” hedge funds and “anything-backed securities.” Wouldn’t it be nice “if we could take them all back and get a refund”? Essentially, that is what investors are trying to do, bailing from hedge funds, steering clear of junk bonds, and running from private equity firms like Blackstone and Fortress. So treat those investments like lead-covered Chinese toys and demand a refund. “If they haven’t already made you sick.”
Look past the Jobs circus
“When Steve Jobs says jump, should the market’s response always be, how high?” says Dan Burrows in SmartMoney.com. Apple Inc. shares rose 14 percent over several days after the company announced yesterday’s big event, and the event “didn’t disappoint”—Jobs unveiled “a fairly strong extension of some super-popular products and services.” But investors should look beyond “the three-ring circus atmosphere that Jobs takes pleasure in perpetuating” and focus on Apple’s fundamentals: strong iPod, iPhone, and Mac prospects, and a new operating system. “The fundamental picture, after all, is shiny enough.”
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
MOST POPULAR ON THE WEEK
- 13 Urban Outfitters controversies
- This is how the U.S. thinks China could invade Taiwan
- 6 things the happiest families all have in common
- The science of sex: 4 harsh truths about dating and mating
- 43 TV shows to watch in 2014
- Can we lead spiritually fulfilling lives without religion?
- Obama knows he can't really 'defeat' ISIS. Americans need to wake up to that reality, too.
- Surviving a plane crash
- Why you should stop believing in evolution
- Stop freaking out over the West's jihadi tourists
Subscribe to the Week