Apple (AAPL) closed at another new high, but Reihan Salam believes it only sets up investors for a bigger fall. Has any company ever depended so much on one person? "Surely [Steve] Jobs will one day tire of wielding his charismatic authority as CEO of Apple. And there is no woman or man alive who could fill that man's turtleneck." [View news story]
Go ahead, be my guest and short it. I think now more than ever Mr. Jobs has taken Apple to a point where he, now more than ever wants to compete. There is lots of opportunity going long with Apple. The competition is finally arriving, just what the company and Mr. Jobs are ready for. Bring it on.
Apple (AAPL) closed at another new high, but Reihan Salam believes it only sets up investors for a bigger fall. Has any company ever depended so much on one person? "Surely [Steve] Jobs will one day tire of wielding his charismatic authority as CEO of Apple. And there is no woman or man alive who could fill that man's turtleneck." [View news story]