$Apple(AAPL)$
Tim Cook was smart since he repeated many times since he took over as CEO, that Apple stock should not be traded but held for the long haul as the whole Apple strategy is designed to deliver long term value, all those gradual changes in its products, the introduction of new products which is frequenlty critiiced is all oriented to deliver long term returns.
Just like Apple’s products have an extreme loyalty of many users, the same thing happen with the stock. Tim Cook convinced most investors about that strategy. So, the stock can fall certain periods, but then the strong repurchases get in; then the stock split each 6 or 7 years get in, then the business recover a more consistent growth, and the narrative change.
Apple acts to defend its long term investors interests; even putting a floor in the stock price through the enormous repurchase strategy. Very hard to find other stock with these characteristics, I feel confortable making it a core position.
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