Value Investing with Sven Carlin, Ph.D. on $AAPL (Oct 31, 2026)
Apple's high price has no crazy justification beyond being viewed as a hedge, and it trades at its highest profitability ratio in ten years. Because Apple stays out of the AI spending war and preserves its cash flow — which the market likes — the speaker would rather buy at cheap prices in a year or two than buy now.
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On the other hand, it should be noted that Apple does not invest in artificial intelligence. So, once again , there are those who think that we have cash flows, and we have to preserve them, and we will not fight that war with Mark Zuckerberg and others because they are crazy.
Let's just observe. Let's buy at cheap prices in a year or two when we need them, and keep the cash flow.
The market also loves that because Apple is trading at its highest profitability ratio in the past ten years. Yes, I personally bought in 2016 at a profit of nine, but that's another story. I sold too early , and that's another story.
There is no crazy reason for the price of Apple and even Berkshire Hathaway to be so high, because in a way they are considered hedges.
Not Apple now, but it's in a state of upheaval.
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