“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!
Warren Buffett takes shine to Apple – May 16, 2016
Warren Buffett’s Berkshire Hathaway takes new $1 billion stake in Apple – May 16, 2016