Vessenes argues that the currency isn’t more inherently scam-prone than standard dollars. “If US economic history says anything, it’s that people will invest in things that seem too good to be true.”
At Braeburn’s inception, the cash pile was modest, yet absolutely massive in unlevered terms, at just over $10 billion. Fast forward 6 years, and the massive cash pile has now grown to be epically gargantuan. Of course, the parent company in question is none other than Apple, whose publicly reported cash horde at June 30, 2012 was a whopping $117,221,000,000. This is the AUM of Braeburn.
Google may not have a hedge fund, but it’s unlikely that high IQ hedge funds aren’t using Google’s data to better manage their own situational awareness and risk.
No, the problem runs deeper: HP is not really a company. It is a patchwork of people and products thrown together by a succession of leaders. The company has no clear identity, no unifying purpose — and a demoralized and battered workforce.
I am always fascinated when I see the latest Apple products. Apple has managed to achieve what I never achieved: using the power of their products to persuade people to queue to buy them. For me, I had to queue to receive food at the end of World War II. That’s quite a change.
In the 1950’s photography could rightly be a provocative act. Being photographed was an event not a default setting.
When it comes to startups, a lot is made of startup’s founders, the market opportunities, its advisers and the team. Of course, there is chest thumping around investors and dollars raised. Yes, those are important issues, but let’s not forget that timing is everything.