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What an odd time to invest in Apple. Its in something of a slump with how it missed the mark on wearables and in something of a milquetoast design/innovation ph
by drzaiusapelord 10y ago
What an odd time to invest in Apple. Its in something of a slump with how it missed the mark on wearables and in something of a milquetoast design/innovation phase in general. When the watch came out Apple was selling for nearly $140. Now its $93. The market is not showing strong confidence in Apple, at least in the short term, and there's nothing on the Apple roadmap that says big growth in the future.
I wonder if this is a sign of the internal politics at BH as 85 year old Buffet gets closer to retirement/death. The younger guys want to make their mark and betting on a typically galloping horse like Apple is a nice way to start the pissing contents with others wanting to run BH after Buffet goes. If Apple does a massive rebound then the guy who made this call will be seen as the young whippersnapper who 'knows tech' and can take BH into the 21st century.
- snowwrestler 10y agoBuying low is not a bad place to start for an investing strategy.
- drzaiusapelord 10y agoI just looked at Apple's 3 year. It seems to dip and rise significantly. Maybe BH thinks that this is the bottom of a dip. I guess we'll see, but I can't remember the last time I was excited by an Apple product. They seem to be graying faster than expected as the mobile revolution evens out.