Thursday, July 24, 2008

If You Die, I Lose Money


Well I hate to put it so harshly, but that's the point that I was trying to get across to my friend today basically about a month and a half ago when the second generation of iPhone's was introduced to the public by Steve Jobs. Some people noticed that he was a little bit thinner than his last appearance(back story. Steve Jobs has had cancer and survived it once)well, this started rumors amongst the financial community analysts started calling into question his health when the Apple Corp. was contacted about Steve Jobs health. They were apply was. "It's a private matter"... this type of statement to analysts and investors will inevitably cause his stock to go downas my friend debated today what business is it of the public to know his health. As long as there are competent people behind the scenes, what difference does it makeI told her that it makes a big difference with certain companies as an investor and a trader I want to know that the person that I invest in their company is 100% mentally and physically capable of doing his or her job. And I don't want him or her doing anything to jeopardize my money in Steve Jobs case. Yes, there are 30,000 capable engineers and researchers to carry on the job. If God forbid something was to happen to himbut I told her. When you invest in Apple. You invest in a culture. There are millions of people who use iPhone's iPod Mac books and everything Steve Jobs he is for all intents purposes AppleI told her it would be different if it was Exxon Ross Department stores. TJ Maxx, because the public doesn't associate any of those CEOs with a face and at any of these CEOs could probably have an unfortunate demise and the company would run like clockworkBut Steve Jobs on the other hand God forbid if something were to happen to him most of the Macintosh users think that he is downstairs in his basement in drawing up design after design, and then he appears like some magical wizard to give you these cool gadgets. So, heaven forbid if something were to happen to him. The stock price would plummetso what do you think, if you are heavily invested in a company, should the health of the person running the company be public knowledge?

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