“The purchase shows the influence of Buffett’s investment deputies, Berkshire portfolio managers Todd Combs and Ted Weschler,” Cheng reports. “One of them — the billionaire investor has declined to identify him — was responsible for the conglomerate’s initial stake in Apple in 2016, and Buffett has added to it since then.”
The 87-year-old Buffett is chairman of Berkshire Hathaway,” Cheng reports, “and his business partner is 93-year-old vice chairman Charlie Munger.”
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MacDailyNews Take: 180 years of experience can spot an undervalued stock from miles away. Heck, in Apple’s case, even we can see it!
Warren Buffett’s Berkshire Hathaway increases Apple holdings by 23.3% to 165.3 million shares – February 14, 2018