Once again MG demonstrates his utter lack of understanding of how even the stock market works. And this guy was in demand as a VC? Unbelievable.<p>>But here’s the thing: those expectations were ridiculous and flawed and once again show that analysts have no idea what they’re talking about when it comes to Apple.<p>If those expectations were ridiculous and flawed then the price of the stock was also ridiculous and flawed, since the price of the stock (aside from wild speculation) is a function of expected future earnings of the company. They blew the earnings call, and the price dropped. Not rocket science, not a knock against Apple as a company.<p>In fact, you could have likely sold your shares of Apple yesterday, and rebought them today and made a profit, making you not an idiot, but a clever arbitrageur.