Usually when a stock becomes too cheap, value investors come in to take the mispriced offer by Mr. Market. That did not happen for Apple (NASDAQ:AAPL). The super investors are not buying Apple, and I believe it is due to the following 3 concerns:
"Anytime you get a truly extraordinary business - and it's obvious it's an extraordinary business - they're the hardest ones to value because the question is, is whether five or 10 years from now that they will be as extraordinary as they are now"
Super investors are usually older, and do not have a deep understanding in technology, so they stay away. But a young investor like David Einhorn addressed the three concerns in three short sentences:
To continue reading the article, please visit: