Born into a Big 5 investment banking family, I quit organized financial racketeering to go straight. MacDougal Irving is my Blogger Protection Identity, and I am a retired Certified Public Accountant and, like all of us, a badly misinformed investor. These are my observations on capital market cons as they were explained to me across the dinner table as a kid.
Prize
........... Recipient of the 2010 MacDougal Irving Prize for Truth in Market Manipulation ...........
January 13, 2016
The Thing about Apple
Apple's proxy material came in this week, reminder of why that corporation's common stock offers a kind of long-term gratification the discerning large-cap equity investor just doesn't run across anywhere else on Wall Street these days, and MacDougal wants to make sure subscribers are aware of the opportunity to jump all over it too.
Since landing on the company's Board of Directors, joining up a while after he and that Lieberman guy lost to George W. Bush in the national election, shareholders have gotten to vote against Al Gore again in Apple elections every year since 2003. That's 14 times and counting, people, and you can make it EVERYONE ELSE BUT AL too.
Particularly under today's modern portfolio theory, money management doesn't get any better than that.