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Harry Tuttle  

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  • Apple Earnings Make a Mockery of the System - Again [View article]
    Wall Street marketing (so-called "Research") is the biggest waste of money in the History of mankind. Even ahead of La Ligne Maginot. As the author aptly points out, in ANY other activity people would be fired for consistently missing their estimates (whatever the inputs). In this business, they are rewarded for doing their part in promoting the product ("AAPL common shares").

    However, it is naive to think the system is meant to be fair to the small investor or anybody else. Accusing someone in finance of being deceitful or unfair is like complaining to a prostitute for lack of true love for the client. c'mon man!
    Jan 19, 2011. 01:00 PM | 1 Like Like |Link to Comment
  • Apple: Analysts Up Their Estimates [View article]
    "Investors might be worried about Apple Inc. (AAPL) but analysts are more upbeat than ever."

    The former risk money (maybe even their own) while the latter risk nothing of value.
    Oct 19, 2010. 02:32 PM | 3 Likes Like |Link to Comment
  • How the iPhone and Poor Management Contribute to Apple's Downfall [View article]
    GAAP? are you kidding? everyone knows listed companies are entitled to whatever numbers they want to use so long as the beat estimates by a penny.

    The "regulators" (those who are still looking for Madoff's auditor) have this theory that "investors" are sophisticated and understand the ex-items notes buried in the annual report on page 73 and listed using 8pt font.

    Stocks are about stories. Illusions, dreams, romance. People who like hard numbers trade fixed income.
    Jan 21, 2009. 09:53 PM | Likes Like |Link to Comment
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