After four and a half intense and wonderful years as CEO of Groupon, I’ve decided that I’d like to spend more time with my family.
Just kidding - I was fired today.
If you’re wondering why… you haven’t been paying attention.
Intel was started with the help of an immigrant who studied here and then stayed here. Instagram was started with the help of an immigrant who studied here and then stayed here. Right now in one of those classrooms, there’s a student wrestling with how to turn their big idea—their Intel or Instagram—into a big business. We’re giving them all the skills they need to figure that out, but then we’re going to turn around and tell them to start that business and create those jobs in China or India or Mexico or someplace else? That’s not how you grow new industries in America. That’s how you give new industries to our competitors. That’s why we need comprehensive immigration reform.
President Obama in Nevada today, laying out a four-part plan for comprehensive immigration reform
I still think it is incredible how the market has reacted to Apple’s last quarter. I am a happy shareholder at 460 and look forward to the day (which will probably not be too long from now) that everyone thinks Apple is a unstoppable company again and pushes the stock to 700 (I am not a crazy believer so I will probably sell around 600-650)
Overall I hate buying stocks and only a medium fan of Apple. But if you take the cash off of their balance sheet the company is now selling at around 6 times earnings.
Wall Street seems to either think companies can do no wrong (see linkedin) or in Apples case do no right.
I am happy to buy the ones that are hated, still have a great future in my opinion and make a ton of money.