Investors have been rushing for the exits on the fear that the Fed would now continue to act aggressively in raising interest rates to rein in a surging inflation.

I bought more $Apple(AAPL)$last night when its share price tumbled as investors took profits and rushed to book flights to safety. As Warren Buffett has famously said: "Be Fearful When Others Are Greedy and Greedy When Others Are Fearful".

With its strong balance sheet with enormous hoard of cash, Apple could continue to innovate and run without resorting to borrowing as rate rises. With its strong branding and pricing power over its huge, loyal and relatively affluent customer base, I believe that Apple will be able to survive any recession. Hence, I'll continue to load up on Apple if the bloodbath persists.

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