By coinnews 
00:00 Speaker A
We have Apple shedding more than $100 billion in market cap at the market opened today after the president threatened a 25% tariff on Apple if it doesn’t make iPhones in the United States. Apple is obviously down year to date at the moment. How are you thinking about Apple? Is it still investible?
00:24 Madison
I do believe it is, Madison. I mean, we it was our largest holding for many years and then as it continued to depreciate, we we sold it down and so we have what we would consider a minimum position of about 2%. And that’s largely because I think we’re we’re waiting to see what’s important to us is what they’re going to do with AI. And so we we think there’s better places to be adding to at this particular point. But I will say this, I I think this is silliness. I mean, this is what we call industrial policy, but usually industrial policy comes with incentives. And so, you know, governing the private sector via through social feels really uncomfortable to me. And I and I think if the shoe were on the other foot and someone told President Trump he couldn’t build golf courses in Scotland, I mean, I think I think they would he would have a very different view of the situation. It it is ridiculous to think that Apple can move all of their manufacturing back to the United States. It’s also ridiculous to think that consumers are willing to pay the three to $5,000 estimates on for an iPhone if they are built in the United States.