Wall Street Still Doesn't Understand Apple, Ritholtz Says

The video discusses an early investment in Apple, highlighting the importance of not selling too soon. It explores Steve Jobs' role in Apple's success and the company's misunderstood growth. The discussion shifts to Apple's ecosystem and its transition to a services company. Investment strategies, including the risks of mixing real-world desires with investment decisions, are examined. Finally, the video analyzes investor behavior and potential risks, including the impact of anti-vaccine sentiment on the economy.

What was the speaker's main lesson from investing in Apple during the early iPod days?

• Avoid investing in new products

• Invest only in technology stocks

• The trend is your friend; don't sell too early

• Always sell when you make a profit

Who was responsible for much of Apple's design work, according to the speaker?

• Tim Cook

• Steve Jobs

• Bill Gates

• Johnny Ives

What was the initial reaction to the introduction of Apple Stores?

• They were expected to be a huge success

• They were predicted to fail

• They were only popular in Europe

• They were ignored by the media

What is a significant part of Apple's growth strategy today?

• Focusing solely on iPhone sales

• Expanding into the services sector

• Opening more physical stores

• Reducing product prices

How does the speaker describe the App Store's potential if it were a standalone company?

• Larger than 80% of the S&P 500

• Smaller than most S&P 500 companies

• Equal in size to the smallest S&P 500 company

• Not significant in the market

What is a common mistake young investors make, according to the speaker?

• Ignoring market trends

• Not diversifying their portfolio

• Mixing real-world desires with investment decisions

• Investing in too many stocks

What does the speaker identify as a major risk to the economy?

• High inflation rates

• Anti-vaccine sentiment

• Trade wars

• Rising interest rates