A well-known investor shared a long-term holding case on social media: bought Apple stock in November 2011, and it has since increased by 1881.8%, with an accumulated annualized return of about 24%, and the account value approaching $34 million.

There are several intriguing details behind this investment story:

**The Importance of Timing**

November 2011 was a particularly interesting time window. Tim Cook had just taken over from Steve Jobs, and Steve Jobs had passed away not long before. At that time, the market was filled with a pessimistic sentiment—can Apple really survive without Steve Jobs?

Based on stock prices and market reactions, investors generally held a skeptical attitude. Would product innovation come to a halt? How much brand appeal remains? These questions were widely discussed on various forums. In other words, it was a typical moment of "crowd pessimism, but fundamentals had not yet deteriorated."

**The Power of Contrarian Thinking**

Betting during the most pessimistic market times requires strong confidence and independent judgment. Recognizing that "leadership change ≠ company decline" and trusting the resilience of the team and system—this mindset is equally applicable in the crypto market—high-quality projects in a bear market often hide the greatest opportunities.