Who writes this shit?

Securities are fungible with cash. What, did this ninny think Apple had a huge pile of gold and dollar bills sitting in a vault somewhere Scrooge McDuck style that Tim Cook swims around in from time to time?

This is a financial journalist, apparently. Or what passes for one. And yet somehow has no idea about fungibility, how corporations finance ongoing operations (yep, even if they have a lot of “cash!”) or really how anything in that realm works.

Other than the should-be-illegal stashing money overseas to avoid taxes, a company like Apple is engaging in a few different tactics — with its reserves, it’s making more somewhere than it’s paying out on its own bonds. And it can smooth out various expenditures by funding ongoing operations with bond sales (as well as other advantages).

I’m constantly surprised by what I read on various sites where you think you’d find expertise. You just don’t.

And when interest rates are ridiculously low it absolutely makes sense to borrow a lot of money while keeping cash elsewhere in other securities.

This whole article is a storehouse of fail.

I see posts all the time like “Ate a healthy lunch today.”

By healthy, usually meaning low-calorie (they think) and such. Most of the time, it’s something like the above photo.

That’s a caesar salad and what, cottage cheese and peach? Or potato salad with cheese? Either way, hugely caloric. And Odwalla drink.1,200 calories or so, easy.

By contrast, my lunch was somewhere around 500 (k)calories — and that’s a big lunch for me. The average American’s lunch is more than I eat most days total.

How can you be so self-delusional and wildly wrong about something so obvious?

Even this article on Ars Technica — usually a bastion of reason — is 90% bullshit and 10% science. Especially since they don’t seem to realize that most people wildly underreport their calorie counts. Self-reporting does not work when people even lie to themselves.

I think more than any chemical, etc., fantasy-based thinking contributes to obesity.