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reddingrunner (97.48)

Missing the point on Apple

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September 19, 2012 – Comments (0) | RELATED TICKERS: AAPL , BRK-B , CYOU

After way overweighting AAPL in 2006 and earning 8X since, I've recently sold off some of it at $700.  Truth is, the big growth is over.  iPhone 5 is incrementally better, not even close to revolutionary.  And so it will go, for the most part. 

But I won't sell off very much more, if any.  I now look at AAPL as a defensive stock.  I bought Berkshire recently and I'd put AAPL in the same basket.  It should modestly beat the S&P for a long time to come- nothing wrong with that, it's better than almost any fund will do.  But the main point is, it won't lose value.  There may be some dips, but over time, AAPL has a nice moat, great products that sync with each other, and will lose less value in downturns than most companies. 

Put your speculative money elsewhere (CYOU for example).  Apple is now a Buffet stock. 

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