Apple Vs Exxon Mobil

CHART OF THE DAY: The Incredible Destruction Of Apple

Jay Yarow | Mar. 4, 2013, 5:39 PM | 5,647 | 8

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Apple‘s stock fell to another new low point of its current crash, closing at $420.15. It’s an incredible decline for the stock which was at $700 in September.If you want a rational reason for the stock’s decline, we have a few ideas: Investors are worried about the rise of Android, Apple’s margins collapsing, the lack of a mega product in the works, and the post-Steve Jobs era.

Of course, all of those things were true last year for the most part when the stock ran to $700.

Instead of looking for rational reasons, you might just want to throw your hands in the air. Investing genius Jeff Gundlach says the crash in Apple is proof that markets aren’t efficient, rather the result of herd mentality and idiosyncratic behaviors.

Whatever the case may be, Apple’s market cap is now below Exxon, and it is no longer the most valuable company in the world.

About bambooinnovator
Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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