Addicts of the world unite -
Apple Corporation has fleetingly become the largest company in the world based on market capitalization. Keyword fleetingly.
ExxonMobil is traditionally the other one that has held that title. Market cap is defined as total shares otustanding times the market value of the share.
This is merely a reflection of what investors view the worth of the business to be. Now Apple has not had a run up out of that zone where it barely scraped Exxon for the top slot - a mere reflection of being too big to grow based on an earlier high water mark (or high Gas Mark)!
Though on closer inspection it appears there are some similarities betwixt the two. Both are commodities that people now find hard to leave their home without. It is omnipresent where you look - and is addictive.
People need to speed on the blacktop as much as the information highway and this speed (some drugs were actually called that) need is satiated with both these products. But if only people slow down and chill they realize that they were merely running in circles or getting ahead of everyone to the next red light.
Economies of Peru and Venezuela today run on other addictive substances that can kill. The net benefits of the Apple and Exxon products although more useful and somewhat less threatening also tend to have the same effect as getting people to pay premiums and want it every living moment.
If drugs were made legal - which they should be - South American countries might have the highest valued companies in the world. Among many benefits will be that weak people who can succumb to halucinogenic chemicals will get easy access and depart soon without causing undue harm to society.
Fortune will have to rewrite its top 100 list completely rather than compare the fruit and the Gas company all the time.
So its all Gas at the end of the day.
On an informal mission to read one book a week as long as the eyes allow for such ambition. Fiction or non is not important as long as it entertains and /or educates. To that end the past few weeks have brought a bounty in the form of some wonderful and then not so engaging literature. Among the notables are - Non fiction category: 1. Good arguments by Bo Seo (how to handle a dispute or debate the most efficient way possible) 2. Genesis by Eric Schmidt (and former US Secy of State Henry Kissinger, who recently passed) - how AI might affect our lives as we know it 3. One in a billion - Zarna Garg (an autobiographical look at an Indian born American woman with a bindi narrated in a standup format - yes it is at times cliched but still funny) Fiction: 1. Personal by Lee Child (a vigilante story with Jack Reacher the giant, nomad protagonist of Child's novels goes hunting for a sniper) 2. Ramayana unraveled by Ami Ganatra (she might disagree about it being a work of fiction but oh wel...
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