NEW YORK (Real Money) -- Yes, it is true, I did tell Victor Espinoza, the winning jockey on American Pharoah, the Triple Crown winner, that he should own, not trade, Apple (AAPL). I whispered it in his ear a race before the Belmont stakes that he won going away.
This is the same mantra I have passed on to both the Phillie Phanatic, the costumed mascot of the Phillies, as well as my hero Chase Utley, the struggling Phillies second baseman, before I threw out the first pitch at Citizens Bank stadium not that long ago.
You see a pattern?
Yes, it is a totally superfluous judgment and a conversation opener, especially on an ugly day for Apple like Monday. But I have a point and that's the need to get people to stop trading certain stocks and just own them. That means owning them as long as the fundamentals -- not the stock, like Monday -- but the fundamentals continue to do well.
My iPhone 6 happened to be front and center on Saturday as the wife and I went to Belmont for the stakes. Because before we got out of Brooklyn to get to the expressway, I desperately went from newsstand to newsstand looking for a copy of the Daily Racing Form. I could not imagine going to the track without studying the horses and the races. That's like buying stocks without doing the homework.
In the end, an exasperated Lisa said to me, "Why don't you check the Apple app store and download the darned thing?" Fifteen minutes later I was checking all of the horses and decided that I was going to play the exacta, American Pharoah-Frosted. If I didn't have my iPhone I would have been out of luck. Instead I made a ton more money than you make going to the movies.