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What Wall Street fears most is that Apple could be tempted to blow billions on a foolish acquisition.
"If a CEO is enthused about a particularly foolish acquisition, both his internal staff and his outside advisors will come up with whatever projections are needed to justify his stance.
If a CEO is enthused about a particularly foolish acquisition, both his internal staff and his outside advisers will come up with whatever projections they need to justify his stance".
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Dumbledore liked to put Hagrid's more foolish acquisitions back where they belong - not the forest.
One study shows that chief executives who appear on the covers of business magazines are more likely to make foolish acquisitions.
They made foolish acquisitions and high-profile investments that destroyed value instead of creating it — studies suggest that, in the telecommunications sector alone, bad investments totalled tens of billions of dollars.
It is rated A by S.& P. Vodafone "avoided paying for foolish acquisitions during the bubble period," Mr. Quigley said, "and it's going to be able to rise above the telecom fray".
"To be shortsighted when making an acquisition is foolish," she said.
Not all big-dollar acquisitions are foolish, though they can lead to pretty big writedowns.
The third acquisition was entirely foolish: the Act III Pas de Deux from John Neumeier's "Lady of the Camellias".
There is little question, though, that JPMorgan helped enable an acquisition that was regarded as foolish by many people and that severely weakened Monte dei Paschi.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com