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43%  
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  • Counting Apple's Customers

    08/18/2016 5:48:35 PM PDT · by Swordmaker · 7 replies
    Asymco ^ | August 18, 2016 | By Horace Dediu
    Berkshire Hathaway, led by Warren Buffett, now owns about $1.4 billion of Apple. Occasionally we hear about various “celebrity investors” taking positions in the company or exiting those positions. The last one I remember was Carl Icahn. He seems to have exited Apple before Berkshire entered. There are some who will act because of these decisions. You should not be one of them. Nor should the management of the firm act in response to investor decisions or concerns. Management is specifically distinct from ownership in the corporate construct precisely in order to bring professionalism to the role. The manager must set priorities...