Ytd 29.1%, annual appreciation rate of 111.16%.
That one who commented his colleagues are foolish to hold AAPLs when vested and that their portfolio is mostly (or is only) AAPL, any revised comments?
From the start of this year to now,
$1 mil becomes $1.3 mil
$2 mil becomes $2.6 mil
…
His colleagues can sell now to buy a bigger house than the one who bought earlier in the year 
Alarmists will always find a reason to be negative. They will still say holding all eggs in one basket is bad and diversification is key.
So, please, diversify as much as you can. Even if AAPL out run the S&P by 10000%, diversification is still key. You will be right in the long run when the day of reckoning comes for AAPL shareholders and the stock crashes by another 20000%.
Now substitute AAPL with TSLA. 
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That’s not entirely fair. It’s like saying someone is stupid to wear the seatbelt because they didn’t crash their car.
Diversification is a concept many misunderstood 
WB says no to diversification but he diversifies a lot. What he meant is no over diversification, go for concentrated (not all eggs in one basket) investment. For example, you say no to diversify but yet you diversify, some in stocks, some in RE, and don’t know what else you have.
My diversification based on category is: RE (SV, Austin, Overseas), Stock (growth, dividend-paying), and Index fund (S&P 500).
For stock, what is considered over-diversification? The number depends on you. Should be more than 1 but less than n, n is the maximum number of stocks that you can perform due diligence on. More than n is over diversification, except for S&P 500 index fund. Of course, founders of company usually starts with 1 just like first-time buyer starts with 1 house.
This statement refers to his colleagues or him?
But WB said he regrets not investing in FB and Amazon or was it Walmart? 
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Have I not invested in AAPL, I would regret not investing in FB and AMZN too.
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Whether you want to diversify or not depends on your outlook in life.
Some people just want to play it safe and lead a normal life. They will never be very successful, maybe just in the middle of the pack. They can never retire early and will have to watch over their budget all the time. For these people, diversification is important.
Some people don’t want to be ordinary. They want to strive to be the next billionaire, or at least the top 1%. To do that they must initiate a very concentrated position in something. And it will be all or nothing. If they win, they could become very successful indeed. If they lose, they might be worse off than the people who just wanted a normal life.
These people won’t go broke either.
There is a lot of wisdom in staying in the middle of the pack. As a Chinese I am sure you hear that teaching all the time too. That’s why there are so many Asian doctors and Asian engineers.
To say someone should take crazy risks is like saying people should always aim to be Hollywood stars and NBA athletes. Always aiming for home runs. But the most certain way to be rich is not to lose money on stupid bets.
Hollywood stars and NBA athletes are actually the top .001 percent. You will also need to take calculated risks, and not afraid of going broke, if you want to land in just the top 1 percent.
Takeaway: diversification is important to me - Asian Engineer. 
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[quote=“wuqijun, post:48, topic:2257”]Some people just want to play it safe and lead a normal life…They can never retire early…
[/quote]
I retire at the age of 44, what gives? Something to do with the number 4?
Group 1: Manch, Jane
Group 2: Hanera
Warren Buffett: I used Berkshire’s insights into the furniture business to figure out Apple’s worth
Buffett is late to the Apple game. But he has enormous cash pile so he can win by buying stuff in bulk.
This is the difference between rich and poor. A rich person doesn’t need to take much risk. He can make money just by leaving money in the bank with 0.1% interest. If he has $100 million in that bank he still makes $100k a year. A poor person, on the contrary, needs to go for broke to make minimal progress…
Notify me when it breaks 1 trillion mark…
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Copied from WSJ
Apple Inc. on Tuesday became the first ever U.S. company to have a market capitalization of greater than $800 billion. Here are some factoids about Apple’s recent run:
Apple closed at $153.99, up 0.98 cents, or 0.64%.
Closed with a market value of $802.9 billion
A new record close, its 18th record close of 2017
Apple has had the most record closes in a year through May since 2012
The stock hit a new intraday high at $154.88, which gave it a market cap of $807.52 billion at today’s intraday high
To close at a market cap of $900 billion, Apple would need to close at $172.62, implying a gain of 12% from today’s close
To close at a market cap of $1 trillion, Apple would need to close at $191.80, implying a gain of 25% from today’s close
Since its IPO in December 1980, the market value of the company has risen over 57403%
From its first day close, the share price has risen 29859%
Since Tim Cook became CEO on August 24, 2011, Apple’s market value has risen 130%. Its share price has risen from $53.74 to $153.99, up $100.25 or 186.55%. Since Tim Cook took over, he has added nearly $454 billion in market cap
Apple is up 64% since its 7-for-1 stock split on June 9, 2014
On its current bull run, which began on May 12, 2016, Apple is up 70%
Year-to-date it is up 38.17 or 33%
Has gained $193.92 billion in market value this year
Largest net market cap gain through May 9th of any year on record
Largest percentage market cap gain through May 9th of any year since 2008 when it gained 113%
Apple has reduced its share count by more than 21% of its stock since the final three months of 2012. The share count for
Apple has dropped from 6.584 billion shares in late 2012 to 5.213 billion shares. 6.584 billion shares outstanding is also the peak shares outstanding for Apple.
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