Apple Is King

For Memorial Day,  a chart that says a lot about where we are and where we are heading.  In B-school they preached the gospel of "Cash Is King."  It didn't matter how wonderful your products, how much market share you commanded, or how popular you were with Wall Street.  The only thing that really counted was that your bills were paid with cash and no company could survive that could not pay its bills.  No amount of great product, no percentage of market dominance, no mountain of good reviews could keep you alive.  Only cash!  So as an MBA student, and later as a financial analyst and manager, it was drilled into me the critical importance of appropriate cash management.  Companies run only on cash.  The world runs on cash.  So for this Memorial Day, Barry Ritholtz has chosen his column as a tribute to the vast cash holdings of the 25 largest companies in the U.S., and the enormous cash holdings of our #1 company, Apple!  There may be a reason besides its popular products that Apple is #1.

S&P 500: 25 Largest Company by Cash Holdings

by Barry Ritholtz - May 25th, 2015, 12:00pm

Click for ginormous graphic