“AAPL bulls have made a profound error: After rightly heaping praise on Steve Jobs for Apple’s enormous success, many of them now discount his contribution, claiming that mere mortals can run the show without missing a beat. That’s wishful thinking at best, a good way to crush your retirement fund at worst,” Pendola writes. “The likes of Steve Jobs are not a dime a dozen. All it takes is a mere skim of two excellent books: Adam Lashinsky’s Inside Apple and Walter Isaacson’s Steve Jobs biography to figure that out.”
Pendola writes, “As each piece of writing gets spray-painted on the wall, it becomes all the more clear that Tim Cook will run this company, maybe not into the ground, but into the sort of average status that will render Apple no longer distinct from pack… Jobs made the people around him better. He willed them to accomplish the impossible. This is not to say that Forstall, Ives [sic] and Cook, for that matter, are not talented men. Of course, they are. But, without Jobs, their impact cannot be quite the same. For this, Cook deserves a lion’s share of the blame.”
Read more in the full article here.
MacDailyNews Take: We shall see.
As we’ve written frequently:
AAPL is like a buoy. Quick, it’s back on the surface! You there, analyst, and you, too, swim down and tug on the chain! Drag it under.. lower, lower… good! Now, quick, everybody jump on, and we’ll take a ride back up to the top again!
Rinse, lather, repeat.
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