Pedro de Noronha, managing partner at hedge fund Noster Capital, who says Apple “might become obsolete in two-to-three years.”
The dumbass analyst of the week award goes to…
Pedro de Noronha, managing partner at hedge fund Noster Capital, who says Apple “might become obsolete in two-to-three years.”
Start the clock….
I literally just set a calendar item to do a look-back on Noster Capital performance in late July 2017
“I need to know where a company is going to be in 5-to-10 years. I mean
look at Apple, a company we all admire…I don’t know where they are going
to be in three years,”
Hey Pedro, 3 years ago did you know where Apple was going to be now? in 2007 did you know where Apple was going to be in 2010? Pull your head out! As an analyst you part of what you do is not just listen to what the company tell you what they’re going to try to do, you look at the past and how it played out. Apple, at least in the post-Jobs era, has NEVER told people what they’re going to do.
Ignoring the fact that any company in any industry might become obsolete, Noronha’s quote makes it clear he was citing Apple as an example (“I mean look at Apple…”) of a prestigious company that is as vulnerable to the unknown as any, and not stating that they are particularly vulnerable to this unseen threat. It was the CNBC headline and article that made this example a centerpiece. In other words, you got trolled. Trolled by a “News Assistant”.
I’m always dubious of hedge funds where their website isn’t even on the first page of results of a search on the name.
(Though to give de Noronha credit, he was also recently bearish on Twitter, which I cannot at all blame him for. And his fund seems to have often outperformed the market average, which is hard to argue with.
Anti-credit for suggesting that Apple “might” be obsolete in two or three years.
I mean, that’s not logically impossible, but it seems pretty damned unlikely.
I share Sumocat’s analysis there; I think de Noronha got used to troll for hits more than anyhing else.)
If you watch the segment you can see that his stance is risk-averse, but reasonable.
CNBC just fished that quote and made a big deal out of it because using Apple’s name makes top notch clickbait.
So, yeah, you got trolled.
There always has to be one shortly after the last one with this same claim saw his timeline expire and his claim become chowder.
Or he might just be smart (although unethical) trying to manipulate the market for his benefit. I seriously doubt he actually believes that. I mean, you would have to be one of the dumbest person on the planet to say that about a company that has like 3 times as much CASH as our U.S. Government (easily over $150 billion).