Comment Re:one other reason (Score 1) 218
I'm not saying that companies should be worth X times their cash, but the grandparent was claiming that Apple should be worth less than it's cash, which is ridiculous.
The other reason they're not part of the Dow is because Apple is overvalued by about 30x.
Apple has about 10% of its market cap in the bank as cash. With that said I'd be happy to buy any $20 bills you have in your wallet for $2 each.
Farenheight has no basis in anything practical at *any* range. At least Celsius is based around water, which is useful for a number of reasons.
That's not quite true, 0*F to 100*F is pretty much the range humans can survive in without any kind of crazy technology. Makes sense to me.
No amount of genius can overcome a preoccupation with detail.