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Getting to AAPL's Core for Individual Investors

BY JEFF MILLER | FEBRUARY 03, 2010 | 8:25 AM | 0 COMMENTS

Why is it so hard for individual investors to make winning decisions? Part of the answer is psychology.  It starts with a simple question.  When is a stock "expensive?" It often helps to have an example, so let us consider Apple (AAPL).  The average investor thinks in one of the following ways:

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