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Originally Posted by Dream Crusher
This is just silly.
Nope, Apple is an idiotic buy. It's a luxury goods company with long term extremely unsustainable margins and a rapidly shrinking experience gap, in an industry where the top players go bankrupt every 15 years. It's one of the greatest cuck investments you can make.
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Are you just trolling or do you really not understand how Buffett thinks about investments? I'm sure he doesn't like seeing AAPL revenue decline by 8% but he's very happy to see the stock price fall by 10%. He'd rather it keep falling than prop it up (I heard he actually said he'd like the price to fall more, although I don't have a direct quote).
I understand just fine how Buffett thinks about investments: The loser bought into IBM high at the worst possible time and then panic sold low as the business he thought was solid unraveled. He then put that money into Apple because he didn't know what else to do. Now that investment is going to go south and he'll panic sell this too in the next economic downturn when Apple margins go to zero.
Buffett's public stock picks are provably awful going back 20 years. He has no ability to pick stocks. This is separate from leveraging an insurance float, buying private businesses, getting amazing deals (like Goldman Sachs who sold him dirt cheap warrants for liquidity in the GFC), etc. That stuff he's great at. But in terms of stock picking, and especially tech stock picking, he's less sophisticated than your cousin Billy Bob.