Linked by Thom Holwerda on Wed 24th Jun 2009 21:45 UTC
Apple I'm sorry, but I can't get around it any more. Over the weekend, we had a story in the reputable Wall Street Journal that Steve Jobs had a liver transplant two months ago in a hospital in Tennessee. This story got all over the Apple media - obviously - and was later confirmed by the hospital in question. All the usual questions arose about privacy, Warren Buffet had a remark about it, and so on. Let's get all these stories out of the way in one go.
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RE[2]: I'm a shareholder
by nokturnal on Thu 25th Jun 2009 03:34 UTC in reply to "RE: I'm a shareholder"
nokturnal
Member since:
2009-06-24

Any shareholder that doesn't, as part of their due-diligence, discover that Jobs is or could be considered a key contributor to the success of AAPL and who also doesn't appropriately weight the risk of that information, is a poor investor and an idiot.

If Jobs got hit by a truck, I bet shareholders would wonder what the hell he was doing crossing the street.

The fact remains that the burden is on the INVESTOR to weigh the risks of buying into a company like AAPL where Jobs is a key component to it's success. Just like buying a pharma stock on speculation that they'll be awarded a patent for a cancer curing drug carries a specified amount of risk, as does this.

As such, AAPL DID announce Jobs had health problems and was going to be stepping down for some time, they DID fully disclose EVERYTHING that was required for a shareholder to make an informed decision on whether to dump their shares of AAPL or not.

Case closed, Thom and Buffett are both wrong.

I created an osnews account just to post this, so hopefully someone will read it. ;)

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