{"id":45450,"date":"2019-01-09T13:36:24","date_gmt":"2019-01-09T18:36:24","guid":{"rendered":"http:\/\/www.technologyinvestor.com\/?p=45450"},"modified":"2019-01-09T13:36:24","modified_gmt":"2019-01-09T18:36:24","slug":"changing-my-mind-on-apple","status":"publish","type":"post","link":"https:\/\/www.technologyinvestor.com\/?p=45450","title":{"rendered":"Changing my mind on Apple."},"content":{"rendered":"

I saw Cramer interview Tim Cook last night.<\/p>\n

I was impressed.<\/p>\n

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:<\/p>\n

+ Users who appreciate love and quality, i.e. rich f*ckers.<\/p>\n

+ Lots of service revenues from all those apps on the App Store.<\/p>\n

+ 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.<\/p>\n

\"\"<\/a><\/p>\n

So, now I’m long Apple.<\/p>\n

This morning I was short Apple, and losing money.<\/p>\n

Then I closed that and went long Apple. Now I’m still losing money. But not as much as long as short.<\/p>\n

The full transcript of the Cramer interview with Cook is here.<\/a>\u00a0\u00a0<\/strong>Better to watch the video.<\/p>\n

The acute dangers of ACH<\/strong><\/span><\/p>\n

Once you allow a company to ACH money out of your bank account, you can’t stop them.<\/p>\n

The Dunning-Kruger effect<\/strong><\/span><\/p>\n

In the field of psychology, the\u00a0Dunning<\/b>\u2013Kruger effect\u00a0<\/b>is a cognitive bias in which people of low ability have illusory superiority and mistakenly assess their cognitive ability as greater than it is.<\/p>\n

Here’s the chart. See if you can understand it. I can’t.<\/p>\n

\"\"<\/a><\/p>\n

Synchrony<\/b><\/span>\u00a0Bank is paying 2.85% on a 15-month CD<\/strong><\/span><\/p>\n

It’s\u00a0 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.<\/p>\n

My rule these days is<\/p>\n

When doing online banking, always speak to someone. There’s always a glitch. Speaking to someone will fix it.<\/p>\n

Jeannette was in Kansas City. But she wasn’t familiar with the famous Rodgers\/Hammerstein song.<\/p>\n

Here’s the song and the dancing. It’s pure joy.<\/p>\n