Not to malign members of my own demographic, but it seems a lot of 40-something white guys are simply incapable of fathoming why Apple (AAPL) might want to pay $3.2 billion for Dr. Dre and Jimmy Iovine’s Beats business. I think they’re probably missing the big picture, or at least that’s what my two teenagers and the tween told me at breakfast. Adding a fast-growing, super-high-margin headphone business and a slick, Apple-like music streaming business for a cool 0.6% of Apple’s market cap seems pretty smart to me. But not to everyone. “I am not familiar with the demographics of Beats,” writes BTIG analyst Walter Piecyk. As John Stewart might say at this juncture: Go on… “But citing youth can...
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