Tuesday, September 28, 2010

Tepper Don't Play.

Posted by Sean Doyle, September 27, 2010.Photo Courtesy of Marco Grob/ New York Magazine.

I must say I was very impressed with Hedge Fund King David Tepper's performance on Squawk Box last Friday. He was damn funny, and self deprecating (which is highly unusual for self important financial types) all while he made the notion of trading a few billion dollars seem easy as pie. Tepper even matched wits with professional wise ass Joe Kernan. Check it out below:

Friday, September 24, 2010

APPLE > THAILAND.

Posted by Sean Doyle, September 24, 2010.

It's official. Apple Inc.'s (AAPL) market cap is now larger than the GDP of Thailand! As of now, the stock market values Apple at $ 267 billion dollars. In contrast, the Gross Domestic Product of Thailand, a nation of 66 million people, comes in at $ 263 billion. (By the way, Apple has about 34,000 full time employees. So if you do the math, each Apple employee is 2000x more productive to the world economy than an average citizen of Thailand...)

This is a phenomenal success story for Steve Jobs and crew. (Especially for a company that 15 years ago looked dead in the water). Who knows? Maybe Apple will become the first trillion dollar company in World history. At this rate who's to bet against them?