Comparing to past theoretical entry points to buying Apple is irrelevant. I'm not sure why all of us didn't invest in Apple 10 years ago! Oh, it's because it's easier to predict the last 10 years than the next ten years. Just because investing 10 years ago would have been great, it doesn't mean that in 10 years time a 2016 investment in Apple won't also look great.

>Comparing to past theoretical entry points to buying Apple is irrelevant. I'm not sure why all of us didn't invest in Apple 10 years ago!

Shortsightedness?

Without any hindsight involved, 10 years ago the continuous rise for several years seemed inevitable AT THE TIME.

Now it's not so clear.

But it's not because "it's easier to predict the last 10 years than the next ten years".

Rather it's because it was easier to predict the next ten years in 2006 than it is now.

Since it was so obvious and inevitable to you at the time, I assume you put all the spare money you had into Apple in 2006?

There's actually nothing to support that conclusion.

But profits are higher than ever.