Oh boy, that is taking a BIG risk. What if BLM targets Apple?
To put that much money into one stock smacks of insider trading to me.
While I share Buffet’s respect for Apple phones, it is not prudent investment strategy — nor is it consistent with Buffet’s very good investing record — to put so many of your eggs in one basket.
There’s something wrong at Berkshire Hathaway
“$91 billion’s worth”
Editors? Editors? We don’t need no steenkin’ editors! LOL!
He likes the benefits of keeping manufacturing costs low by using slave labor in China while also keeping prices high by introducing “new” models with only middling incremental technological tweaks.
An investment in AAPL is really an investment in the CCP.
After the halt of the pipeline the other day, his railway stocks are going to go up.
But not enough to matter in relation to Apple.
As a shareholder of both AAPL & BRK/B, what’s interesting to me is how the market seems to have ignored the increasing value of Berkshire’s Apple stake. In the past year and a half, the market value Berkshire’s Apple stake is up, what, $50 billion or so? And yet Berkshire’s stock is down. Sure, part of that is due to underperformance in Berkshire’s bank stocks and recently-dumped airline holdings. But I don’t believe that the banks and airlines explain away all of Berkshire’s underperformance. It would appear that the market is discounting the prospects of Berkshire’s wholly owned companies like GEICO, See’s, Dairy Queen, Duracell, etc.
According to Buffett, Diversity is not a strength.
Geico: “Gov Employee Insurance Co”
No wonder Buffet backed Obamacare.
bttt
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Not a prudent strategy.