“For many investors, Apple is the single best investment they have ever made. There is nothing a company can do to inspire more loyalty among shareholders, than to make them rich and Apple has made its shareholders a lot of money,” Ken Kam writes for Forbes. “Nevertheless, no matter how much you’ve made on Apple in the past, you have to ask yourself whether you would invest in Apple now at its current price. Here’s what Raymond Meyer, a top Marketocracy manager, has to say.”
“Raymond started his Marketocracy track record in September of 2000. Since then his flagship fund, BMSF, is up 189% handily beating the SP500 which was up 85% over the same period,” Kam writes. “Over the last 10 years, Raymond would rank in the top quartile of all Morningstar mutual fund managers. Perhaps most importantly, Apple is the most profitable position in his portfolio, having generated nearly $1 million of gains.”
Ken: Apple is already the most highly valued company on the planet. Do you really think it can double from here?
Raymond: Apple will continue to grow, in spite of the “Law of Big Numbers.” Simply because Apple is the largest company in the world, many say that its growth will slow or stop. I believe this is not true, for four reasons.
Read on here.
[Thanks to MacDailyNews Reader “The Subversive Archaeologist” for the heads up.]