在这里，我们找到了像苹果、英伟达和好市多这样的“现金牛”公司。
Here we find "cash cow" companies such as Apple, Nvidia and Costco.
既然我们已经了解了完整的五步流程，让我们以苹果公司为例，它曾经是巴菲特持有的股票之一，并将这个清单和流程应用于它，看看何时才是好的买入时机。首先应该问的问题是：苹果的收入是否可预测？
如果你看一下苹果长期收入的图表，你会发现其收入在过去二十年中一直在稳步增长。这使得公司的收入高度可预测。因此，我们在这一点上打上“勾”。下一个问题是：苹果处于商业周期的哪个阶段？
具体来说，它是否处于资本回收阶段？如果我将苹果的数据输入到我设计的工具中，就会很清楚它已经处于资本回收阶段。既然我们知道它处于资本回收阶段，那么对苹果进行并发症分析是安全的。现在，当我审视苹果时，市盈率被突出显示，因为公司正在满负荷运转以产生利润，因此这个指标是合适的。
Now that we know the complete five-step process, let's take a company like Apple, which was once one of Buffett's stocks, and apply this list and process to it to see when it would be a good buy.
The first question that should be asked is: Are Apple's revenues predictable? Well, if you look at the graph of Apple's long-term revenue, you will see that its revenue has been steadily increasing for two decades.
This makes the company's revenues highly predictable. Therefore, we put a "check" mark on this point. The next question is: At what stage of the business cycle does Apple fall?
Specifically, is it in the capital recovery phase? Well, if we input Apple's data into the tool I designed, it becomes quite clear that it is already in the capital recovery phase.
Since we know that it is in the capital recovery phase, it is safe to conduct a complications analysis on Apple. Now, when I look at Apple, the price-to-earnings ratio is highlighted because the company is working at full capacity to generate profits, and therefore this metric is appropriate.