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Apple doesn’t care if competitors have cheaper products. It doesn’t care if its next big thing cannibalizes its last big thing. Not about buying big money-makers, and certainly not about how you think it should deal out stock. Today at Goldman Sach’s conference, Tim Cook played the defiant king of an empire too powerful to be distracted by the present or the past. All he sees is Apple’s future.

The Wall Street Journal has a great play-by-play of Cook’s hour-long talk, and we’ve picked apart the highlights. But what really matters is that Apple’s size and...