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Apple’s Cash Hoard

Matt Richman wrote a great aricle discussing Apple’s huge hoard of cash. Here’s a small excerpt:

And therein lies the secret to Apple’s incredible success in the stock market. The reason AAPL has done so well over the last 10 years is precisely because Apple hasn’t focused on its share price — and instead focused on making “beautifully designed products that are user centric and work how they are supposed to work.” As Fortune magazine put it: “Most companies view the P&L [Profit and Loss statement] as the ultimate proof of a manager’s accountability; Apple turns that dictum on its head by labeling P&L a distraction only the finance chief needs to consider.”

Check out the full article here:

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