《Research Platform Overview - Low Risk/High Reward Value Investing Focus》
AAPL 对于价值投资而言估值过高；当前价格仅能带来个位数回报，因此应等待更低的估值。
如果看苹果，它是一只很棒的股票，而且表现非常好。沃伦·巴菲特也在卖出，但你不应该从股票市场的角度来看待投资。我们是从企业所有权的角度来看待投资的。
If we look at Apple, it's a great stock, and it has done very well . Warren Buffett was also selling, but you don't look at investing from a stock market perspective. We look at investment from a business ownership perspective.
苹果的盈利是1270亿美元，我们必须调整股票薪酬，这意味着大约1500亿美元，因为他们把钱花在股票上。如果他们分配所有资金，他们可以给你价值1150亿美元的股息。然后是增长方面。