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To: slacker711 who wrote (149824)2/7/2013 3:07:11 PM
From: Moonray1 Recommendation  Read Replies (3) | Respond to of 213173
 
So, the obvious course is to hold onto huge amounts of cash to help avoid the possibility of a disastrous outcome.

Do you not see a difference between having enough cash for this purpose and the $140 Billion AAPL has?

o~~~ O



To: slacker711 who wrote (149824)2/7/2013 3:19:47 PM
From: Kip S5 Recommendations  Respond to of 213173
 
The unfortunate (IMO) truth is that slacker is correct. I wish I could claim authorship of the following, but, alas, I cannot. It is way more true than untrue, though.

A public company is public in the sense that its sells bits of paper called equity and accedes to the polite fiction that shareholders own the company. In reality, what the shareholders own is a ticket to ride on the ship that other have built, others navigate, others load, and others steer.


Kip