Thursday, October 24, 2013

Icahn't understand why they cling to the nest egg

Proving that not every billionaire is terribly bright, Carl Icahn once again displays his failure to comprehend why it might be better for Apple (and its investors) for the company to hold onto the majority of its investments. Apparently he assumes that if they were to pour those assets into buying back stock that it would increase the price per share, and therefore the value of his own holdings. Superficially, that makes sense, but if you credit Apple management with being clever about how they've invested all those billions, and you should, then maybe not.

Sunday, October 20, 2013

choice is not an unmitigated good

Choice is of relatively little value when it resembles a minefield, when all of the available choices are poor or worse.

Tuesday, October 08, 2013

Steve Jobs' posthumous coup de maître

Who knew that Laurene Powell Jobs was brilliant? Well, probably anyone close to the family, but in particular Steve himself, and, in putting her on public display as he was dying, and leaving everything to her, he acted like a volleyball player setting the ball for another to spike. We've only begun to hear from LPJ; get used to it!

Saturday, October 05, 2013

where's the better alternative to ObamaCare?

If the Tea Party wing of the Republican Party hates ObamaCare so much, they should be offering a better alternative, like single payer.