Who’s the Leader of the Club?
I may or may not be in Los Angeles right now.
I packed my luggage haphazardly, called an Uber too early, and forgot to write/send/upload this.
So… apparently, Apple ($AAPL) has a streaming announcement scheduled for Monday:
“Apple ordered a huge amount of original content from the likes of Oprah Winfrey, Steven Spielberg, J.J. Abrams, and others last year. It is widely expected that we’ll hear about at least some of those things on Monday, along with information about what the streaming service is called and how much it will cost.
Video streaming isn’t the only thing Apple is supposedly working on. Apple is apparently putting together a subscription news service that could potentially give Apple News users access to content that normally lives behind a paywall on news sites.
Supposedly, there will be an Amazon Prime-like subscription package that includes the news and video services along with Apple Music. Regardless of the specifics, the celebrity-filled event promises to be one of the most interesting Apple events in a while.”
In the past, I would’ve cared.
I probably would’ve cared a great deal.
Today, I don’t care and I likely won’t care come Monday.
Yes, Apple is the most valuable company in the world: ~ $920 billion.
To make an analogy: LeBron James may still be the best basketball player in the world, but his team, the Los Angeles Lakers, may miss the playoffs.
Tonight, watch me cheer on the Brooklyn Nets at the Staples Center from the worst possible, yet quite expensive, seat available.
LeBron James will rebound, maybe literally, from this sub-par NBA season.
Maybe even with the Lakers.
Josh Brown recounted a good Fred Schwed Jr. quote: “There is an old joke that Wall Street has a river at one end and a graveyard at the other. Yet, this is strikingly incomplete. It omits the kindergarten in the middle.”
Ben Carlson also summarized a good amount of financial tidbits on his blog:
- Don’t try to buy at the top or sell at the bottom. Well, I make all of my money at the market turns.
- You have to be disciplined in your investment process. But you must be extremely flexible to succeed in the markets.
- Rebalance your portfolio by buying what’s lagging and selling what’s working. Also, let your winners run.
- If you like a stock you should hope it goes down so you can buy more at a lower price. But remember that losers average losers.
- The stock market is not the economy. But the only thing that matters over the long-term is economic and productivity growth.
- The trend is your friend. But you have to go against the herd to make money in the markets.
- Rule number one is to never lose money. But learn how to take losses quickly.
Feel free to reach out to me if you’re in La La Land or have recommendations.
I’ll be going to Disneyland ($DIS)!
Maybe.
If I have time.
