It’s not Apple’s fault, it’s ours


English: Apple's headquarters at Infinite Loop...

English: Apple’s headquarters at Infinite Loop in Cupertino, California, USA. (Photo credit: Wikipedia)

By James Saft – Apple is a great company making great products, and has an outstanding record of creating new markets. It enjoys margins closer to those of a software company than a consumer giant, has more than $130 billion in cash and a historically unique franchise, one it has been able to expand time and again.

The saga of Apple is actually a great lesson in a fundamental truth of investing – most of your problems, and opportunities, come courtesy of other investors.

“Much (perhaps most) of the risk in investing comes not from companies, institutions or securities involved,” famed hedge fund manager Howard Marks of Oaktree Capital Management wrote in his most recent client letter. here “It comes from the behavior of other investors.” more> http://tinyurl.com/avh37x7

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