Faculty News

Professor Aswath Damodaran explains why he believes Apple should keep its cash reserves

CNBC logo
Excerpt from CNBC -- "'Accumulating cash is actually the end product of a good investment. Be glad that not every company is a cash-burning machine. You need cash-accumulating companies like Apple to help,' he said, noting that theoretically, shareholders could use the extra capital they earned from Apple's stock to invest in Tesla or Uber so Apple doesn't have to do that for them."

Read more