Meaningful Returns – Investing and Planning with Purpose
Description: Investing and Planning with Purpose
Investing and Planning with Purpose
0 comments on “Apple $1 Trillion and Valuing the Invaluable” Apple $1 Trillion and Valuing the Invaluable Posted by Jared Korver on August 3, 2018 August 3, 2018 in Money Leave a comment The business headline in today’s Wall Street Journal reads: “Apple Value Surges to $1 Trillion.” And “What does it mean,” wrote Matt Levine today , “that Apple is worth a trillion dollars? I think there are two possibilities:
You should not completely neglect ‘other.’ There is something self-referential about corporate valuations, and I do not think it is ridiculous to believe some version of the idea that a company is worth a trillion dollars because it is worth a trillion dollars, and not because shareholders have a rational model of the expected future cash flows and those flows happen to add up to a trillion dollars.”
Meaningful Returns – Investing and Planning with Purpose