Rob Gronkowski's unexpected success in the stock market with Apple shares has raised eyebrows. His story, while seeming like luck to some, may reflect a similar investment strategy to that of Warren Buffett, highlighting the importance of recognizing a company with a loyal customer base, such as Apple.
"I never been involved in stocks," Gronkowski said."I really didn't know how stocks work. So I was like, 'All right, let me do this, man.'"To some observers, Gronk's story looks a lot like dumb luck. It's hard to argue with the results, though.
It's possible that both Gronk and Buffett recognized that Apple had become a ubiquitous company with a product — the iPhone — that inspired enormous loyalty among customers. It's a quality of the business Buffett has consistently touted since."Apple has a position with consumers that they're paying $1,500 or whatever it may be for a phone, and these same people pay $35,000 for a second car," Buffett.
Buffett is one of the greatest-ever investors, while Gronk has a propensity for absent-mindedness. That's perhaps why, after making his investment, he forgot about his Apple shares for two and half years. By the time he remembered where he'd stashed the money, his investment had grown to more than $250,000.
Rob Gronkowski Apple Stock Warren Buffett Investment Strategy Iphone Loyalty
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