matthewbalding

How Steve Jobs Lost Over $4 Billion

bluebox, man, you are one brainwashed C. of Mac dude. I don't think you're implying that Jobs made this most expensive trade in history INTENTIONALLY to avoid SEC prosecution, but if he did, then he's an idiot for getting into a position where he had to give up over $4bn to stay out of trouble. That doesn't make this a "good" trade. If you're thinking it was just fortuitous that his $4bn.-losing trade swayed SEC prosecutors and helped him off the hook because he did not profit from the wrongdoing, that sounds about right, but in no way does that make this a "good" trade. Corporate misgovernance followed by a fortuitous loss of $4bn is precisely the "worst and most expensive trade ever".

As for your points 1-3, all irrelevant to whether this was an expensive or "worst" trade. Whether you're Trump or a pauper, a loss is a loss.

pegoss, you and bluebox are of the same ilk. I've seen this type of post hundreds of times, in everything from tech discussions about OSX coding to Apple product rumors to discussion of design features. The Church of Mac person always comes in at the end saying "but they have their reasons for [the software bug, or the lack of a feature which appears in Windows and Linux versions of similar apps, or the choice to leave out something that many users would like and use, or the pricing or timing or marketing or whatever]. Yeah. The bad stuff and mistakes are done "to help us" or because it's better that way due to Steve's knowing all about it and planning it that way and having his reasons. Can't do this in OSX? Then what you want to do is wrong. Feature doesn't work? You must be doing something wrong. Lose $4bn and luckily avoid SEC prosecution? All planned, boys, all planned--and Steve is thinking of us. If he'd been prosecuted, it would have hurt shareholder value in our Apple and we are all working together to keep the Church alive. Him, by raking in billions, and you, by buying, buying and buying, then going online to explain to people that the problem or issue is really due to their lack of understanding and actually good for them.

Let me close by saying, "So...your point?" And "Reading your post, you're probably misunderstanding, you need to read the article again and listen to what it says". And how about "Your issues sound like you're doing something wrong, the Market/SEC "just works"...the market had its reasons and this was done to help Steve and us by showing that corporate/accounting mismanagement and corruption is illegal and if you lose about $4bn, maybe they don't prosecute because you've clearly taken a huge fall."

Sheesh. I don't usually post like this, but when I see the C. of Mac enter the options market discussions, then I couldn't stop myself.

Yeah, I have a Mac and it's a nice computer. But I don't belong to the Church.