One of the longstanding arguments for owning Apple (NASDAQ:AAPL) shares has been the stock’s excess cash on the balance sheet. Hedge fund manager David Einhorn has been rattling the executive office to get the company to pay out some of that excess cash. The Bespoke Investment Group had a stellar chart in a post yesterday displaying AAPL’s cash as a percentage of its market cap since the year 2000: When AAPL was a much smaller company trying to get back off the mat its cash as a percentage of market cap was near 100% (similar to a company like ...