The market is alive with clatter about whether or not Apple disclosed enough information about Steve Jobs' medical condition. On one hand, I understand the concern, but on the other, I wonder exactly why people invest in Apple. Do they believe that all of a sudden a large company like Apple will lose its vision, style and prestige if Steve Jobs doesn’t return to his post? I almost feel like the secrecy revolving Jobs' ailments aligns perfectly with the overall mystery of the company.
It's interesting, as one becomes such a public figure, privacy quickly deteriorates and I'm not just talking celebrities and political figures. It seems these days, people want to know all the nuts and bolts about the high-powered business society.
While I do believe that Jobs' helped invigorate a lackluster Apple many years ago, I also believe that there is life after Jobs. I would hope that the company has become a well-oiled machine and is cruising at this point. Innovation, as I understand it, is vaster in that company than just one person. The SEC may judge Jobs' liver problem as a material investor fact that should have been disclosed, but in my opinion, it's only material if you believe Apple is Steve Jobs.
As an investor, I understood the undertone’s severity when Jobs decided to take a medical leave of absence.