Should we follow Warren Buffett or someone obscure for investment advice?
Why Billionaire Warren Buffett Is 100% Right on Apple
The fact that the iPhone 8 beat expectations ahead of the iPhone X release is “incredible” even though there were rumors that its sales were “anemic” and were obviously plain wrong, said Patrick Morris, CEO of New York-based HAGIN Investment Management.
“Apple is actually the consummate Buffett stock and is available at an attractive Buffett price,” he said.
Apple also fits the bill of a company with sizable and varied economic moats, Johnson said.
For those who didn’t follow Apple that closely, some of recent hot Apple products are: Apple Watch Series 3, Air Pods, 4k Apple TV, Home Pod, Swift, 10.5” iPad Pro
Warren Buffett is a long term investor, a buy and hopefully hold forever guy who focus on company fundamentals so short-term concerns and macro-economical concerns are ignored.