“Apple investors have been enjoying outsized market returns for several years now, despite it being an extremely large, well-followed company,” Gregg Rosenberg writes for Seeking Alpha.
“The returns on Apple’s stock imply a degree of mispricing which should not be possible for such a well-followed company,” Rosenberg writes. “The explanation for the mispricing is partly a pervasive but fallacious market belief in a ‘law’ of large numbers.”
Rosenberg writes, “Apple keeps breaking the law of large numbers, and there is a clear path for it to continue breaking it at least for the next ten years.”
Much more in the full article – recommended – here.
[Thanks to MacDailyNews Reader “Martin B.” for the heads up.]