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Ignore the Strait of Hormuz, Focus on Earnings Instead
This morning I revisit two posts from the weekend. First, Apple's Services business hitting a record $30.98 billion last quarter and why the $100 billion share buyback authorization matters even more when you realize the hyperscalers are spending hundreds of billions on CapEx and simply cannot compete with what Apple is doing with their cash right now. Apple is returning capital while everyone else is burning it. Second, Berkshire Hathaway just reported a record $397 billion cash pile under Greg Abel's first quarter as CEO. Everyone wants to read into it like Buffett knows something we do…
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