#Apple Everyone wants to get rich while doing nothing, but when an opportunity comes along, do you really have what it takes to seize it? 🤔🤔
Duan Yongping once again talked about his experience of making a big bet on Apple. He noted that at the time, Apple had a market cap of only around $300 billion, net cash of $100 billion, and annual profits of $15–16 billion. He could see that Apple’s future profits would certainly reach $50 billion a year or more.
So, when Apple’s stock price remained low because the company kept putting off launching a large-screen phone, Duan kept investing in Apple until it made up more than 95% of his portfolio. He had nearly exchanged all his other stocks for Apple.
He truly understood Apple and saw its potential. He knew that opportunities like this don’t come along often, so once you recognize one, you have to make a big bet.
Duan Yongping once again talked about his experience of making a big bet on Apple. He noted that at the time, Apple had a market cap of only around $300 billion, net cash of $100 billion, and annual profits of $15–16 billion. He could see that Apple’s future profits would certainly reach $50 billion a year or more.
So, when Apple’s stock price remained low because the company kept putting off launching a large-screen phone, Duan kept investing in Apple until it made up more than 95% of his portfolio. He had nearly exchanged all his other stocks for Apple.
He truly understood Apple and saw its potential. He knew that opportunities like this don’t come along often, so once you recognize one, you have to make a big bet.