“Warren Buffett listened to his own advice, as he became greedy about Apple Inc.’s stock just as some other high-profile investors were becoming fearful,” Tomi Kilgore reports for MarketWatch.
“He also became fearful of AT&T Inc. shares, dumping his entire stake just as others were getting greedy,” Kilgore reports. “The latest regulatory filing showed that his Berkshire Hathaway owned a new 9,811,747-share stake in Apple as of March 31. The same filing showed he no longer owned any AT&T shares after owning 46,577,138 shares as of Dec. 31.”
Kilgore reports, “That patience, or perhaps respect for history, could have been worth about $459.7 million to Buffett.”
Read more in the full article here.
MacDailyNews Take: Apple’s been sitting there with a neon sign flashing “BUY ME!!!” for months. Welcome aboard, Oracle of Omaha!
SEE ALSO:
Warren Buffett takes shine to Apple – May 16, 2016
Warren Buffett’s Berkshire Hathaway takes new $1 billion stake in Apple – May 16, 2016
L-O-N-G
Imagine being able to buy 44,000,000 shares of any stock.
Good god…………
Buffett runs a hedge fund. You think he’s your hero. try buying into his fund. Oops.You lose.
Fuck him.
Thanks for your insight… and so eloquently expressed. All the specifics really help me understand the situation.
Wow so in a nutshell you are saying you are an uninformed idiot. Well, I will take your word for that.
Berkshire Hathaway is not a hedge fund, it is a holding company.
Berkshire Hathaway buys stocks that it thinks have very long term cash generating value. It looks for profitability, management track record, exceptional customer brand loyalty, and a good market to be in. These all fit well with Apple.
Berkshire Hathaway then lets the good management do what they do best. It is not an active investor in the sense that it does not try to “fix” management, but instead encourages management to stay focused on long term value.
So nothing can be better for shareholders than to be co-invested with BH.
Berkshire Bought Apple Stock, But Warren Buffett Didn’t
Warren Buffett didn’t play a role in the decision to invest some of Berkshire Hathaway’s cash in Apple
http://blogs.wsj.com/moneybeat/2016/05/16/berkshire-bought-apple-but-warren-buffett-didnt/