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» Back in November 2017, I suggested that Apple Inc should use some of its immense cash stockpile to buy rather than build its video library and streaming offerings. My idea was a straight purchase of Netflix Inc in an all-stock deal valued at about US$100 billion. That was a nice premium to where it was trading then, using Apple's valuable stock currency to beat Amazon.com Inc or some other buyer to the punch.
» Imagine for a moment that you could go back in time to 1932, the year before the 21st Amendment to the US Constitution was ratified, repealing Prohibition (and the 18th Amendment). What might you do with the knowledge that the production, transport and sale of alcoholic beverages was about to be legalised? What sort of investment opportunities might you find? How would you deploy your capital?
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