Weekly News: May 8

Rumors of the new iPhone to be released this year and a little from Julian Robertson and his protege Tiger Cubs.

Featured Story of the Week: iPhone

Rumors abound as Apple prepares for the 10th anniversary of the iPhone

It’s no secret that the new iPhone release will be a big one, but the jury’s out on the features that the phone will contain. Since 2017 marks the iPhone’s 10th anniversary, it wouldn’t be surprising if Apple does something special to mark the anniversary of its most important product, hopefully in Fall.

Many rumors suggest that the design of the phone will be completely remodeled, an update we haven’t seen in 3 years since the jump from the iPhone 5s to the iPhone 6. Tech fans talk of some of the anticipated details, like bigger screens, wireless charging, and a body made of glass. Many even talk of a wraparound screen (similar to the Samsung Galaxy S7 Edge) and say that the front of the new phone will have no borders or bezels, meaning a smooth finish with embedded buttons resulting in one big display.

Following the naming system of the past several years of the iPhone, this year’s release would be named the iPhone 7s. Talk suggests there will still be the release of the iPhone 7s in the addition to the newer model. What this will be named – iPhone 8, iPhone 10, iPhone X, something completely different – we’ll just have to wait and see!

 

Lesson of the Week: Julian Robertson

“Our mandate is to find the 200 best companies in the world and invest in them, and find the 200 worst companies in the world and go short on them. If the 200 best don’t do better than the 200 worst, you should probably be in another business…”

Julian Robertson was one of the most successful hedge fund managers in the 1990s. He founded Tiger Management in 1980 and trained many hedge fund managers who went on to become very successful investors, including Lee Ainslie III (head of Maverick Capital) and Andreas Halvorsen (CEO of Viking Global Investors). Robertson’s Tiger Funds often funded these hedge funds, giving rise to the name of ‘Tiger Cubs’ to proteges that Robertson helped to start their own hedge fund or other successful enterprise under his guidance.

 

New On The Blog:

Warren Buffett: The Man Who Has a Net Worth of $50B+ But Never Spends More Than $3.17 for Breakfast

Buffett always has one of 3 options for breakfast. Will it be $2.61, $2.95 or $3.17?

 

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