> Apple became the biggest company in the world not only because they create products everyone wants, but equally because they are masters at managing money and debt.
What, by not having any? The correct amount of cash for a company to have is $0 because it's not a productive asset, as you say, but Apple's strategy ended up with them having hundreds of billions of it overseas. That is literally the opposite of MBA philosophy, not an even better version of it.
> That is literally the opposite of MBA philosophy, not an even better version of it.
Who said anything about MBAs? The Apple way is clearly the better way to do it at the moment, and has been for the last decade. The MBAs at Intel are not even in the same league.
And Apple owns factories in the US too. They own them for other reasons, not because they "need" them to make products or are profitable on their own.
What, by not having any? The correct amount of cash for a company to have is $0 because it's not a productive asset, as you say, but Apple's strategy ended up with them having hundreds of billions of it overseas. That is literally the opposite of MBA philosophy, not an even better version of it.
(And they own a factory in Ireland.)