Tag Archives: Apple

Big data, the tech giants, and insurance

A few months ago, I published a short article, Big data, the tech giants, and insurance, in the Annales de Mines. The original article was in French, but the Editors shared an English version,

Technology and insurance companies seem like polar opposites in every possible way. The tech giants, agile and fast-acting, are obsessed with the future, whereas insurers, conservative and reflexive, are fascinated with the data that the tech giants collect. However these two sectors are now eyeing each other and have started forming partnerships as they come to understand that, in both cases, their core business is data.

to be continued…

Big Data, GAFA et Assurance

Les sociétés technologiques et le monde de l’assurance auraient tout pour être opposé. Agilité, rapidité, obsession du futur chez les uns, conservatisme, réflexivité, fascination pour les données passées chez les autres. Et pourtant les deux s’observent, et commencent à nouer des partenariats, comprenant que la donnée est leur cœur de métier.

Continue reading Big Data, GAFA et Assurance

That man changed the world?

You’ve already seen that picture, haven’t you? The truth is, you can hardly miss it those days…. The first time I saw it, a few months ago, I did not recognize the man (probably because I was more used to visualize him with a more black and white style). As far as I remember, the teaser did use a quote you can find everywhere in his biography, starting with a documentary: that man “changed the world“.

I mean, there are big fans of Steve Jobs around, I get it. But did he change my world? I doubt it…. The thing is, I do not have a iPhone (I do not even have a cell phone, and those who tried to reach me know that I barely answer the phone when it rings, in my office and at home), I do not have an iPad, and if I have a Mac at the Office, it is only because of the alternative I had… So if he did not change my life, whose life did he change?

Perhaps the life of those believed in him? If we look at the value of the Apple stock, starting on October, 23rd, 2001 (first iPod released), and compare it with the Nasdaq, both starting at value 100 on October 2001, we get

> library(tseries)
> x.nasdaq <- get.hist.quote("^IXIC")
> x.apple <- get.hist.quote("AAPL")
> nasdaq.100 <- 100*x.nasdaq$Close[time(x.nasdaq$Close)>as.Date("23/10/2001",
+ "%d/%m/%Y")]/as.numeric(x.nasdaq$Close[time(x.nasdaq$Close)==as.Date(
+ "23/10/2001","%d/%m/%Y")])
> plot(nasdaq.100,ylim=c(60,max(apple.100)),col="blue")
> apple.100 <- 100*x.apple$Close[time(x.apple$Close)>as.Date("23/10/2001",
+ "%d/%m/%Y")]/as.numeric(x.apple$Close[time(x.apple$Close)==as.Date(
+ "23/10/2001","%d/%m/%Y")])
> lines(apple.100,col="red")

in blue is the Nasdaq, and in red, the (closing) price of the Apple stock,

People who did buy Apple stocks in October 2001 had a good intuition. In ten years (perhaps a few months more), the stock was worth 40 times the price investors did pay for it. That’s not bad…. so indeed, Steve Jobs did probably change the life of some (long tern) investors who believed in him.