“It doesn’t seem to me you feel any pressure or competition” Judge says to Cook

https://twitter.com/nickstatt/status/1395816889641750534

by amaBasics • 5 years ago

45 13 5 years ago

There’s moments like this that I wish I was savvy enough to short some Apple stocks before the verdict. I suppose you could even use the windfall to buy more shares before the stock price recovered too!

CheezeIt2• 5 years ago

There’s no shortage of future opportunities to make money by being savvy, if you’re willing to buy in and get your feet wet. Keep your eyes open.

murgindrag• 5 years ago

My general take is that it's not worth it. Professional traders will beat you to it, and you're looking at maybe a 1% drop.

* If it goes up, you lose money.

* If it goes down, and you have $100k invested, you make $1k.

$1k is 3 hours consulting time for a SWE. It seems easier to find consulting gigs and consult for 3 hours than to play the market.

Unless I have specialized knowledge on a particular industry beyond what pros do, I'm index funds, all the way. Those annual gains are helpful. Micromanagement pays less than a typical salary, or investing in up-skilling.

johnsimer• 5 years ago

There are plenty of ways for your gains to be X multiple of the % change in the underlying stock

CheezeIt2• 5 years ago

You often do have specialized knowledge. Possible past examples:

1. Buying puts before the coming stock market crash back in January 2020.

2. Buying calls in WDC and STX after reading on HN about Chia Coin and hard drive prices, in early May, if you weren’t already aware in April. It was not a sure thing because prices move for other reasons, but a very very positive EV, and a great diversification of a crypto position.

pimlottc• 5 years ago

I honestly thought this had something to do with Top Chef or something before I clicked…

pedalpete• 5 years ago

So did I! and I'm so happy it wasn't.

Threeve303• 5 years ago

This one is confusing. Walled Gardens have certain negative traits. At the same time, it’s difficult to say Apple doesn’t have the right to run their ecosystem they way they have currently designed it.

ericwooley• 5 years ago

Why is that difficult to say?

If I pay for a general computer, I should be able to run whatever code I want on it. Apple should have no say in what I compute.

p2t2p• 5 years ago

This is a device and an ecosystem that works certain ways. You know that. Please, go get yourself and Android and do whatever you want with it and leave us alone too enjoy the calm and safety of the ecosystem we love and choose to use. I’m telling that as someone whose went to Android in December and back to iOS 3 weeks ago. Please, just leave us alone.

spacedcowboy• 5 years ago

you didn't pay for a general purpose computer though. You paid for a computer tied to the App Store with all the advantages and disadvantages commensurate with that.

If you want to frame it in contract terms, this is like signing on the dotted line for a mortgage ("enter into the contract, buy the phone"), then some time later saying "this payment is too much" ("I don't like this bit, I want to pay less"). It doesn't work that way.

“It doesn’t seem to me you feel any pressure or competition” Judge says to Cook

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