458: Weaving on a Thoughtful Basis
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The Corrosive Effect of Expectations on Stock Prices
Wall Street is betting on whatever you're doing now being a trend, right? Because you sell loads of the stock. Now that makes them look bad. They always want to see growth. And if you give them, if they get growth, then that increases the future value of Apple. That increases everybody's estimation and the stock goes up. If you say, oh, Apple's going to be flat for a while in the doldrums, then the stock will stay steady or go down - which is bad for investors.
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