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No. of Recommendations: 4
Wow, I probably should be green with envy, but I’m not THAT guy. You are acutely aware of the years of wandering through the wilderness while AAPL essentially did nothing.

I’m with you on not liquidating. I have yet to see anyone make a truly rational case that selling AAPL and buying other stocks will improve performance in the long term. That’s just hogwash (I use that word as TMF frowns on the word I’d really like to use).

It’s not a case of being so blindly in love with AAPL that all rationality is gone. AAPL is a damned good business. Going forward, it looks to continue to be a damned good business. If that ever changes, then’s the time to consider selling. For long term holders like you and me, selling would be an act of lunacy under current circumstances.

Here’s a link to a video where Charlie Munger (Warren Buffett’s partner) expounds on the focused portfolio.

Incidentally, Berkshire—Hathaway is AAPL’s 5th largest shareholder. You can be sure Berkshire’s cost basis is a hell of a lot higher than ours. We beat Buffett to the punch by a wide margin.

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