Apple's Crisis of Confidence

Jeff Macke  Oct 03, 2008 4:00 pm

Apple's Crisis of Confidence
 
Transparency only way to protect shareholders.
 

 
  • America isn't an idea or a contract. It's a living, breathing being. As such, her greatest strength is her greatest weakness. We are passionate about the pursuit of our dreams. We are overly courageous in judging our chances to overcome adversity and triumph over great odds. We've achieved our greatest dreams through this confidence.

    But our greatest sufferings are offshoots of the same ambitions. We are in a financial crisis. We all share in the blame. We will overcome this crisis only when we unite as one and set our sights not on satisfying our lust to punish those who wronged us, but recovery.

    We will get our pound of flesh. But those who are punished first in our path to recovery are engaging in the politics of rage. When we focus on freeing America's unmatched desire to achieve our dreams, to endure great sufferings to overcome the most daunting of odds, we will be back on the road to fiscal health.

  • "That's a good speech, honey," said an ever patient Mrs. Jeffmacke, patting my head lovingly. "You should take tomorrow off." Mrs. Jeffmacke is a wise and gorgeous human being.

  • Toyota (TM) went to 0% financing. Having shorted General Motors (GM) on a similar strategy in 2003 and 2004, and being short Toyota today, 2 things leap to mind. 1) Toyota is going down. 2) I never made a penny off my GM short. Just because you know a company, economy or industry is doomed doesn't make it a sure-fire short, Minyans. That, in short, is why bear markets are so very hard.

  • Down 40% and whipsawed again by rumors of Steve Jobs' health, can we please simply concede that Apple's (AAPL) board of directors needs to stop fighting a rear guard position of denial and defending the stock by speaking honestly about the man's health? It's not about being right. It's about protecting shareholders.
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Comments (4) See All Comments »
10-03-2008, 4:28 pm
Mackey, the problem is the people starting illegal rumors regarding Steve Jobs, and news assoc. "accidently" posting his obituary, which was no accident... its obvious whats going on with the hedge funds also... anyone that is concerned a
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10-03-2008, 4:47 pm
I agree with Macke. The chief executive has to woo Wallstreet as part of the job package. That includes being open about health as this (for now) is a one-man-show. Stevie should have worn a 'fat suit' at the last Apple event and put more
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10-03-2008, 5:18 pm
I certainly don't blame Jobs for being ill.

I hope Steve Jobs lives for 100 years, all of them lucid and chock-full of loved ones lauding him.

Jobs is in the Pantheon of all time great executives.


T
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10-03-2008, 10:09 pm
The first 3 posts are spot on. Also I like: "Just because you know a company, economy or industry is doomed doesn't make it a sure-fire short, Minyans." Any experienced trader knows the financials of a co. do not necessarily corre
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