Apple repurchase, Buffett sold most of Apple stake,Nvidia capital operation, Tesla, AI bubble, Willow quantum chip

Peter read my post of Apple repurchase two days ago, inspired to write me a letter, raised several great questions and his concerns, I wrap up the feedback to him as this post.

Apple’s multiple LT compound capital alchemy is repurchase, 41.9% shares reduced in 12 years

One of the greatest repurchase and capital alchemy in human history, over the past nearly 12 years, Apple’s outstanding shares have decreased by 41.9%! 12 years after investing in Apple, the annualized rate of return (IRR) during the investment period is 24.1%. Note that your total shareholder equity would be multiplied by 1.721 in this case; in contrast, common stock splits have no effect on shareholder equity at all.

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