Great writeup! I just got the epiphany today (like WB, no comparisons other than that) that Apple might just be an investment for me, because of the great financials, consistent ROIC and great products (we are an Apple family since 15 years and I love their products). Will do some more thinking and analysis, but right now I feel good about it. Valuation is the problem of course, but like you say, it does not seem overvalued right now. Margin of safety is the moat and the optionality as you say. I will wait for earnings the day after tomorrow before making any moves. Keep up the good work. You've got a new subscriber!
Great writeup! I just got the epiphany today (like WB, no comparisons other than that) that Apple might just be an investment for me, because of the great financials, consistent ROIC and great products (we are an Apple family since 15 years and I love their products). Will do some more thinking and analysis, but right now I feel good about it. Valuation is the problem of course, but like you say, it does not seem overvalued right now. Margin of safety is the moat and the optionality as you say. I will wait for earnings the day after tomorrow before making any moves. Keep up the good work. You've got a new subscriber!