Originally Posted by wizwor
Unfortunately, irrational exuberance is a plague on uneducated investors. It's human nature to jump on the bandwagon just as it catches fire and off just before the fire is out. AAPL may have cost some institutional investors temporarily, but bet that those who bought at $699 and sold at $500 were panicked individual fanboys. I can't poke fun at these people because a lot of that was college and retirement savings that will ever be replaced.
Look, it happens over and over again. Nothing new about it.
To give Apple more value than Exxon Mobile with its holdings of oil and gas which are going to continue to be valuable until some real "long count" ends is a farce.
There is that old saying, "a fool and his money are soon parted." It is both old and it is new.