Author Archives: Shah Gilani
More Is Always Better Sooner
My favorite economic and market postulate is: More is always better sooner.
It’s never been truer.
Another favorite saying of mine is: Nothing matters, and what if it did?
And last but not least: Everything’s good, until it isn’t.
Put them all together and that’s the kind of market we have.
An Embarrassment of Riches: Big Tech Proves Bigger is Better
One day after the CEOs of Apple, Amazon, Facebook, and Google’s parent Alphabet faced a hostile House Judiciary Antitrust Subcommittee hearing, where they were each questioned about how they got so big, so profitable, and at whose expense, the four mega-cap tech darlings reported blowout second-quarter revenues and profits.
Tim Cook, Apple’s CEO, feigned embarrassment in his address of the company’s earnings, almost apologizing for Apple’s flood of riches as the rest of America and the world suffer the ravages of the coronavirus crisis.
The question is now: Will these giants be allowed to keep on squashing all competition, keep on minting money, see their stock prices keep on rising? Or will political winds blowback their relentless growth and market dominance?