…that defies logic.

He seems like a nice guy so I hate to say it, but Apple’s downfall will come courtesy of Tim Cook. With Jobs gone, Cook has already made a mockery of his legacy. First, a dividend and a buyback. And now rumors of something Jobs detested—a mini iPad.

First of all, the lack of a dividend is hardly part of Jobs’s legacy. Jobs’s legacy is that of a single-minded vision of shipping well-designed products that deliver an exceptional user experience and appeal to a broad base of users. Second, while rumors do not a product make, it’s important to point out that Jobs also derided television as something you turn your brain off to watch.

The Macalope guesses it’s not surprising that many Wall Street jockeys are still clueless about such heady topics as Apple, and Steve Jobs, and how soup works.