Here is the latest conversation I had with money manager Andrew Horowitz…. new insights for anyone who invests in anything.
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~1970 Skoda 100 ?
9/11 drop?
These podcasts keeps getting more interesting as they go along. Maybe it’s because the economic times are so “interesting.”
Why is the roller-coaster metaphor going away? Volatility is what’s so terrifying about this market. With a wobbly dollar, moronic politicians & our bonehead wars, the economy is headed into the crapper. We’re watching a catastrophe swirling in slow motion & it’s fascinating.
If companies can hire people to work for them for free, and the government will pay them, how is that not going to just f–k everything at the bottom end of the pay scale? In other words, what incentive is any employer going to have to hire somebody for minimum wage when they can hire them for nothing and let the government pay them? This isn’t what it seems, in that in a normal apprenticeship there is some expectation of later advancement in the person’s career, but this program doesn’t seem to have an expiration date where those people are going to have to be hired for pay or let go. This will be like illegal immigration where the illegal immigrants tend to take low-paying jobs so they aren’t available to legal U.S. citizens, except this will be on a massive scale, and it will move all those people at the bottom end of the employment totem pole to the welfare system. This rings every alarm bell that I have to ring, from excessive government entanglement in commerce to the dramatic advancement of a welfare state.
I look forward to bringing this topic up in the No Agenda chat on Sunday, and I hope that JCD will raise this issue on the show, because it sounds innocuous but it could really be disastrous for the lowest-income Americans (those who are currently employed for pay in the jobs that would be taken by these apprentices/interns) if it succeeds.
I think what you identify in this podcast as Steve Jobs’ “mojo” is the passion that he invested in his vision for his company, the company that he himself founded (along with Woz), and that passion only grew as Apple’s stature as a company grew. How many other tech companies can you name where the CEO is the original founder and views the entire company as his personal project? Jobs had the vision, and Tim Cook may be well-meaning and believe in Apple, but he’ll never be able to believe in Apple in the same way because he’ll never have the same sense of ownership that Steve Jobs had.
I think Steve Jobs is not long for this world, because if he sees how his company takes a dive after his departure, and with his particular sort of health problems, he might get so depressed that he’d lose his very will to live. I wouldn’t just short Apple, I’d short Steve Jobs’ life expectancy, and that’s really a tragic way to end the story because Steve Jobs was such a great guy, and his greatness was really built by, and is tied to, the greatness of Apple. None of his other ventures were really quite as successful because I think he always saw himself returning to Apple, and now that’s over.