As I’ve said in the past, AAPL is its own asset class but it’s more than that. It is its own economy, its own ecosystem, its own government. Apple’s success is not due to the whims of central planning politicians and bankers everywhere but because it did something very simple, it made amazing products that people wanted at a price they can afford. So, when we hear that government officials need to do something to jump start the economy, things that usually inhibit, discourage and misallocate resources, think of Steve Jobs and realize they need to do nothing because it’s the private sector’s job to run the economy and we have a great history that it works extraordinarily and insanely well.
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