aapl
fire starter
Posts: 179
|
Post by aapl on Dec 21, 2023 3:28:39 GMT -8
|
|
|
Post by CdnPhoto on Dec 21, 2023 7:42:58 GMT -8
|
|
|
Post by CdnPhoto on Dec 21, 2023 8:09:55 GMT -8
|
|
4aapl
Moderator
Posts: 3,634
|
Post by 4aapl on Dec 21, 2023 11:34:08 GMT -8
I went into reading interview with Manny from PIMCO looking for this "tidal wave" section, but there was so much more too: Manny Roman: ‘there will be a tidal wave of money coming’I found the parts of them being able to get good deals while banks were derisking interesting, along with the stuff about private equity. It's strange some of the conversations you can have and people you can randomly meet. A couple weeks ago I was talking to someone and asked if they had family in the global locations they had lived. Turns out he was in private equity, working with 5 companies and on their boards, and so they had lived for 5 years in one place, and 8 in another, though now it's a couple weeks a quarter. These investments have longer cycles, but he was saying it was time in his life that at the next turnover, he'd not be putting it back in, instead going to the open market. But his interpretation was that his current investments were so low risk since he was working with the company and knew the CEOs and how they felt. His plan was to have "his guy" do the open market investments, but he didn't see the investments in the same light since he wouldn't know the management and CEOs directly. We ran out of time (family event and it was a school night), but in a way it is not too different from what we face with Apple. Most of us have followed Apple so long that we know the company better than the analysts who follow many companies, even if we've never sat down for dinner with the CEO. And AAPL has its cycles too, where if trying to be ideal you'd want to get out of the stock when it was at least fairly valued, if not overvalued. And often with our mindset, that doesn't seem to happen too often. I think in both cases it comes down to risk/reward goals, and in his case a bit of control, since in his current position if he saw things going South he could work directly on fixing the problem. AAPL has been an amazing investment, and IMO it continues to be a great investment that should outperform the indexes in at least the short term. But at some point it might not be, and so when looking at the very long term it's not a given. We, individually and collectively, not only feel that AAPL is a good investment but also that while the trajectory of Apple looks good, we should be able to pick up on future changes and decide if things are still going in the right direction. But what happens when we are no longer around to make that decision, or just no longer want to put the time in or have the capacity? In the case of passing shares on, does the future owner have the same capacity and knowledge to make that decision? At some point, whether during our lifetime or beyond, it will make sense to look and move away from the AAPL we know. And in that way, the thought pattern between the two situations isn't that different. He just had a more defined timeframe on it. Change is tough, but forced change is tougher. My guess is it will be like many of us with a hybrid solution on AAPL, where we keep at least some shares even if we sell off others by choice or need. But to me it was an interesting exercise to think about his situation and dilemma. OTOH, the interview just talked about not having the constant mark to market ideas in private equity, giving it as an advantage. But the real advantage is more like Buffet's thought of stocks being only traded once a year, so that instead of fluctuating stock price you just don't worry about it, and potentially just think about the company fundamentals. Of course the downside is that you don't have the flexibility to sell at any point, if a need comes up or something major changes that affects your conviction. I hope that all made sense and came together well. This exercise helped me examine and understand more about the underlying issues, some of which I hadn't thought of in the same light before. And while the article had some interesting points and worked as the catalyst to get things written down, the main thing was getting to think about a situation that was similar but slightly different, using that to help understand the same issues we have but don't fully take into account.
|
|
Ted
fire starter
Posts: 882
|
Post by Ted on Dec 21, 2023 11:48:30 GMT -8
Micro$oft seems to know which way the wind is blowing, so they're tucking tail and scampering off! A *much* better platform is about to steamroll their 3D efforts. www.theverge.com/2023/12/21/24010787/microsoft-windows-mixed-reality-deprecated"The company says Windows Mixed Reality is 'deprecated and will be removed in a future release of Windows.' Microsoft first introduced Windows Mixed Reality in 2017 as part of its bid to compete with virtual reality rivals like HTC and Oculus (now owned by Meta). Windows Mixed Reality served as a portal to games, apps, and other experiences within the VR space. In addition to the Microsoft HoloLens, other companies, including Acer, Dell, Lenovo, Asus, HP, and Samsung, made mixed reality headsets compatible with Microsoft’s platform. It doesn’t look like the enterprise-focused HoloLens 2 is going anywhere for now, though, as Microsoft added a free Windows 11 upgrade and several other improvements for the $3,500 headset earlier this year. Microsoft has been gradually downsizing its VR division. HoloLens boss Alex Kipman left last year over allegations of sexual misconduct, and the company later cut 10,000 jobs, many of which affected the workers behind Microsoft’s mixed reality projects, including the now-discontinued AltspaceVR app. Despite this, Microsoft continues to focus on other applications of VR, such as its Microsoft Mesh app that will soon let co-workers meet in a virtual space without a headset. It also started letting Quest users access Office apps and its Xbox Cloud Gaming platform through a partnership with Meta."
|
|
mark
fire starter
Posts: 1,552
|
Post by mark on Dec 21, 2023 15:59:50 GMT -8
I think I posted a week or two ago about what I thought will happen with GM going "whole hog" into Android Automotive. This is just the start of the weirdness they will experience as the integration gets deeper and deeper into their vehicles. If they stick with it, eventually they will get it right, but it'll take years and years for that to happen. The only question is - will GM stick with it long enough for it to work out? GM tends to cut and run, so probably not. For example, they may be cutting and running on Cruise right now. It seems like they are slowly killing it, and if they don't find a buyer by the end of 2024, they'll probably shutter it. Even if GS is trying to exit their deal with Apple, and they are, they still are a money making enterprise. And if getting/keeping deposits at 4.15% was making them money, if bumping to 4.25% keeps more deposits, it will still make them money. That's what banks do, they take in deposits at one interest rate, and then loan out X times that money at higher rates. When done properly, they make a good bit of money from it. Marcus (also GS) similarly increased their rate to 4.5%, and American Express Bank increased to 4.35% in the last few days.
|
|
ems
Member
Posts: 97
|
Post by ems on Dec 21, 2023 18:13:12 GMT -8
GM will undoubtedly regret the discontinuation of Apple CarPlay if they haven’t already. There’s no upside for them, the backlash in the automotive/ car guy / potential buyer world is already high, and when that crosses over to the actual Customers it will get even worse. Combined with the general animus toward data scraping and car subscriptions (which this move smacks of) I expect it will backfire on them in all regards.
I am interested to see how things shake out with the watch debacle. It’s unlike AAPL to let things go as far as they have. Clearly they are playing hardball and feel they have the high ground and will prevail In the long run or they would have settled it out already. It did push me to buy a couple of watches before the deadline (was already about to anyway, but still…). Another concern is there is now a memo saying they are going stop/limit out of warranty repairs for watches going back to Apple Watch 6… that seems odd , and not covered by the current ITC nonsense. But must be related somehow.
|
|
|
Post by nwjade on Dec 22, 2023 18:19:32 GMT -8
|
|