$Apple(AAPL)$ Buffett was selling but still Apple represents 30% of his total stock portfolio!. Apple, for $Berkshire Hathaway(BRK.B)$ $Berkshire Hathaway(BRK.A)$ , is a better stock than $American Express(AXP)$ $Coca-Cola(KO)$, etc, I mean is a business that will stay forever in Berkshire. It's the best stock that Buffett holds in his portfolio, according to him, so if that is the best business most likely the stock will be a core position in Berkshire forever.
Real "Longs" have very low average costs, $20, $30, $80 per share, etc, why should they sell? Supposed intrinsic value is $135 per share, so why should a long term investor sell if their average cost is way lower intrinsic value?. Buffett has an average cost of $39 per share, so that reveals that he will not sell his entire position ever in order to take advantage of the compounding effect.
Last but not least, we should notice that the PE in 2021 was at the peak of being expensive, so probably you would have recommended in that time to "sell" the stock....when the stock reached $179, so even if you bought at that price, you would have experienced around 26% of capital appreciation now. Apple is a hold, never sell!, bears do not learn the lesson.
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