I discuss why I'm a big fan of Apple's buyback strategy and think buybacks are a better use of capital than acquisitions, any capex they could do, debt paydown, keeping the cash or raising the dividend. Based on the company's capital allocation strategy and earnings growth, Apple still is a great buy and one of my top holdings. Some links I mention in the show: - Berkshire 2020 letter - https://www.berkshirehathaway.com/letters/2020ltr.pdf - Blog post on capital light compounders by Connor Leonard (thank you Diligent Dollar for recommending) - https://sabercapitalmgt.com/reinvestment-moat-follow-up-capital-light-compounders/