$Apple(AAPL)$ Apple is a great company. But not a great stock at the valuation. I hold shares of both $Alphabet(GOOG)$ $Alphabet(GOOGL)$ and apple but if I'm looking five years down the road from a stock perspective I think Google easily beats apple and the index. At these valuations apple is likely to lose as the index itself is growing top and bottom line faster than apple. Plus the higher that apple stays at 30 to 35 PE's the impact of billions in buybacks gets washed away with what is essentially a 3% return on the buyback. Lower than US treasuries. Google's buyback at 18 multiple is now higher than US treasuries.
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