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Changing my mind on Apple.

I saw Cramer interview Tim Cook last night.

I was impressed.

Cook is no Steve Jobs. But he’s drunk the right Kool-Aid. And he’s got a decent Vision for Apple’s place in the sun, viz:

+ Users who appreciate love and quality, i.e. rich f*ckers.

+ Lots of service revenues from all those apps on the App Store.

+ Sell lots of wearables — like the Watch and the Airpods (which Susan wants a set of to listen to podcasts). they look weird, but they stay in your ears real good.

So, now I’m long Apple.

This morning I was short Apple, and losing money.

Then I closed that and went long Apple. Now I’m still losing money. But not as much as long as short.

The full transcript of the Cramer interview with Cook is here.  Better to watch the video.

The acute dangers of ACH

Once you allow a company to ACH money out of your bank account, you can’t stop them.

The Dunning-Kruger effect

In the field of psychology, the DunningKruger effect is a cognitive bias in which people of low ability have illusory superiority and mistakenly assess their cognitive ability as greater than it is.

Here’s the chart. See if you can understand it. I can’t.

Synchrony Bank is paying 2.85% on a 15-month CD

It’s  the highest I could find on a FDIC-insured bank for now. It all went through fine with the online application – after I talked to a nice young lady called Jeannette.

My rule these days is

When doing online banking, always speak to someone. There’s always a glitch. Speaking to someone will fix it.

Jeannette was in Kansas City. But she wasn’t familiar with the famous Rodgers/Hammerstein song.

Here’s the song and the dancing. It’s pure joy.

Compare the size of the people in the video clip above with this guy on CNBC today

I worried he would explode before the end of the interview.

What are we doing to ourselves? Seriously.

They’ve always been selling snake oil

And if you believe this, I have a wall I can sell you, cheap.

More redneck “humor”

You’re an extreme redneck if:

+ Your wife’s hairdo was once ruined by a ceiling fan.

+ Your junior prom offered day care.

+ The Halloween pumpkin on your porch has more teeth than your spouse.

+ One of your kids was born on a pool table.

+ You think loading the dishwasher means getting your wife drunk.

The above are dedicated to reader Lucas Mendes.

HarryNewton
Harry Newton, who’s off to the Apple Store to buy my wife, Susan, a surprise.

 

  • LOL – “Wheel Ants”!
    And I was told to buy blinker fluid…

  • bruuno

    I have a lot of respect for you and much of your advice, Harry. But when it comes to Apple I’ve learned to mostly tune you out.
    I had to chuckle at today’s Apple/Harry about-face.. Of course I “lost“ money with the recent downturn but I am spectacularly ahead relative to when I started.
    No disrespect. Keep up the good work.