Turn and move, we comment on the billion dollar stake of the conglomerate Berkshire Hathaway (led by Warren Buffett) in the Apple stock market; The company owns more than $ 40 billion in Cupertino giant's papers at the end of last year, according to the company's latest annual report.
Even without buying any new steel (in fact, the company sold about 3 million Apple papers at the end of last year), the net worth under Berkshire Hathaway property exceeded $ 50 billion, as disclosed by CNBC.
In part, this increase is related to the appreciation of Ma shares, which have risen more than 32% in recent months. Buffett said he was pleased with Ma's second-quarter results, although he said he never makes investment decisions based on a single quarterly report.
Regarding variations in Berkshire's $ AAPL stake in the past, the CEO said the changes did not happen under his guidance and reiterated that “nothing should be understood” about this.
The executive rejected the idea of ​​terminating investments in Apple due to its "unpredictability", but joked that he is "hurt" with the increase in share prices because he would like to buy even more (including last year, he indicated that he would love to have 100 % of Apple).
Tim Cook on Berkshire Hathaway Participation
Of course, such an investment brings people together, more precisely Ma executives and Berkshire Hathaway investors. In this regard, Apple CEO Tim Cook attended the annual conglomerate shareholders' meeting held last Saturday in Omaha, Nebraska.
After the meeting, Cook gave a brief interview. Fox business, in which he praised Buffett. The Ma executive said "Buffett as a great teacher with whom he learned a lot" and that he is "excited" that Berkshire Hathaway is an Apple investor.
To the CNBCCook said Berkshire Hathaway's investments in Apple show that Buffett understands that Ma is essentially a consumer products company, not a technology company. Buffett's favorable opinion of Apple indicates the Cupertino giant's "recognition of continuous evolution."
The executive also pointed out that while Apple is in the technology industry, it “works at the intersection of this market with the arts and humanity” to create products for people.
We believe that technology should be in the background, in the foreground, and that technology should enable people to do things and help them do things they could not do otherwise.
In addition to Apple, Buffett revealed that Berkshire Hathaway has been acquiring shares of AmazonBut he is not responsible for the papers. The investor said he had long admired the company and its founder, Jeff Bezos, and felt like an "idiot" for not starting to invest in the technology giant years ago.
via The Loop, 9to5Mac, AppleInsider
