Warren Buffett, Apple CEO Tim gets a loan to the Cook, ‘earns more money than I have done so far’ for Berkshire Hathaway ‘

• At the meeting of the annual shareholder of Berkshire Hathaway, Warren praised Buffett Apple CEO Tim is cooked for the management of the company. Apple Investment of Berkshire Hathaway, celebrated a rare way for the Tech industry for Buffett. Apple will eventually be the most important and profitable investments in a Berkshire.

When the world’s investors look at the Imac, iPod and iPhone and iPhone and technological progress, Warren Buffet saw something simpler: everyone’s favorite products.

Buffett announcing his intention on Saturday step Berkshire has invested in billions of apples from the date of the Director General of Hathaway. Warned from technical investments, Buffett took an exception for Apple. It was even Apple in 2024 at a time The largest investor Out of ETFs.

Over the years, Buffett has been accepted as a technological company, not Apple as a consumer. It also admired Apple’s ability to create products that consumers cannot get enough and create market products. In this sense, Buffett apple likened more Coca-colaanother of long-term investments.

Buffett, Apple and CEO Tim COOK delivered Berkshire Hathaway in these days in the Sabbath meeting.

“I was so ashamed to say that Tim Cook grew more money than Berkshire Berkshire Hathaway,” Buffett said.

In the Buffett’s assessment, Apple Cofounder and CEO Steve Jobs went a few months before death.

“I knew Steve Jobs shortly and certainly did things that no one could do in the development of Apple,” Buffett said. “Steve has managed him and really made a right decision.

Works and Buffett passed several times from their careers. In an example, Buffett reminded it Things called him for advice What to do with Apple’s giant cash pile. Buffett purchased stock shares agreed on both men. However, the work only decided not to give up instead of holding the cash.

“He liked the cash only,” he said. Buffett tell CNBC in 2012.

Buffett would be a few years later after the phone talks before the Apple investor. Berkshire Hathaway began to invest in Apple for the first time in 2016. The action was an important change in the firm’s investment strategy. Buffett and her to this point Investment partner, late Charlie MungerPrevented investment in technological companies, because they felt that they did not understand the industries in order to make informed decisions.

A few years before investing in Apple, Munger, Berkshire Hathaway vice kingDespite its strong performance over the years, I admitted that the company does not have a typical investment.

“All over the world with admiration to Apple’s successes” MUNGER Reuters reported In 2013.

Until 2016, Buffett and Munger would put it aside and start building a massive share in the iPhone manufacturer. In the same year, an investment manager in Berkshire (for Berkshire Hathaway) had a relatively small investment for about $ 1 billion in Apple’s shares. In that year, another Berkshire Exec was detected as a promising share that caused Apple to a large investment strip.

Despite being relatively uninteresting in Tech, Buffett admired that the apples of apple products were drawn to consumers. “Warren can see how products are dominant” MUNGER tell this Wall Street Journal In 2023.

From this point of Berkshire, Berkshire’s largest investment will continue to invest in Apple. However, Berkshire has reduced his share since today. Last year, this The Apple Foundation is sold in billions As far as it has set a large pile of money.

This story was first displayed Fortune.com

Source link