Originally Posted by Apple ][
Originally Posted by pedromartins
It's just a game, no big deal.
That's easy for you to say, if you don't have any skin in the game. I don't have any skin in the game right now at the moment either, but this is not good for Apple or for those people who invest their hard earned money in that company. Most people aren't Al Gore, who gets to buy their shares at around $7.
I suspect that most "investors" are in fact nothing more than speculators and gamblers. For example I think the vast majority of corporate investors are interested in nothing more than their expectation that the paper will bring high returns. The name of the company on the paper is not important. That would also be a reasonable explanation for the current phenomenon: The corporate investors (pension funds, insurance companies, hedge funds) are now sceptical that the paper will increase that much in value, or worse, will fluctuate wildly, and are therefore re-investing elsewhere. My impression is that there is no emotional connection to apple whatsoever and not even any particular interest in the products, but that they are solely in with the expectation of high profits.
And for the small speculators: Its nothing more than gambling. I have NO sympathy for those that lose heavily.
Looking at things a different way. Taking Market Cap as the sole yardstick of "value" is only another way of saying that the ONLY thing that matters is profit. I reject that point of view on ethical and moral grounds. But if you do regard other aspects as important in the "value" calculation, then it is absurd to talk about apple as being the most valuable company in history. Even in the limited context of the mobile phone/computing sector it is absurd to value Apple above all the other enterprises that make mobile computing possible at all. Apple doesn't even feature in the list of those companies, without who'se contribution Apple would have no market at all. They are really just at the end of the food chain.
In talking about value, I suggest it's important to recognize that any given player is just one link in a long chain of interdependencies. Similarly, when talking about "intellectual property" it does good to recognize that each incremental improvement, innovation or "invention" is nothing more than a small step on a journey that commenced many many decades ago. Certainly there are important milestones ... newton, einstein come to mind, but even these build upon the sum of what went before. Taking this view creates a completely different view of the world, and one that is more humane.
So, don't whine when your "investment" gets you burned. You deserve it.