The Best of Kass

NEW YORK (TheStreet) -- Doug Kass of Seabreeze Partners is known for his accurate stock market calls and keen insights into the economy, which he shares with RealMoney Pro readers in his daily trading diary.

Among his posts this past week, Kass explained why he's buying shares of Apple and why some recent news from China is encouraging.

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The Apple of My Buy
Originally published on Friday, Nov. 9 at 8:44 a.m. EDT.

Hey, I never said that it was a forbidden fruit.

Similar to many, I historically (let's call it over the last five years) failed to recognize how successful a Steve Jobs-led Apple (AAPL) would be as a disruptive innovator of product.

In my "15 Surprises for 2012" (written 11 months ago), however, I waxed enthusiastically about the prospects for the profit cycle and share price for Apple. (At that time Apple's shares stood at $403.)

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Again, in July 2012, I wove a positive tale of Apple's long-term prospects.

Nonetheless, when the shares hit $700 in late September, I turned cautious in "The Bear Case for Apple."