alt Hacker NewsApollo Group has $1T assets under management, I believe them over most folks on HN. Their argument that the Mag 7 is burning up all of their free cash flow is factually accurate, as the returns are not materializing for the investments being made (ie underperformance).
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If we're doing money=smart, the mag 7 control almost $4T in assets and cash, so wouldn't you trust them even more?
Vanguard has 12T under management so you believe any PDF they put out 12 times more?
> Apollo Group has $1T assets under management, I believe them over most folks on HN
Ah, the old _argumentum ad giletum Patagoniae_
> Apollo Group has $1T assets under management, I believe them over most folks on HN
If only that's a measure of if they know how to time the stock market. The real measure is how much they earn not if their sales or marketing department manages to get more customers.
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The Mag 7 spending around $700B on capex this year, expected around a trillion next year.
That's more than their combined FCF, and they're borrowing to bridge the gap.