Earlier in the week we saw how Berkshire Hathaway, led by Warren Buffett, sold more than $ 800 million in Apple shares, a move that is expected to be quickly realized where you will invest in Kroger and Biogen. It may sound like a lot but it's a ridiculous amount compared to the number of shares Berkshire has. Today a Wall Street Journal report Enter details about Buffett and the actions of the Copertino company.
For newcomers in the world of Apple stocks are quickly speculating that Warren Buffett is an American investor and entrepreneur. He is currently the majority shareholder, president and chief executive officer of Berkshire Hathaway, an investment consultant.
From investing in holdings to well-run companies
As the report states, participation in the form of Berkshire shares with Apple has more than doubled since it was consolidated began buying them in 2016. Berkshire Hathaway has invested approximately $ 36,000 in shares valued at $ 79,000. This means that Bufffft's stake in Apple is 14%, which is more than twice as much as any other share in his investment portfolio.
The report reports how Buffett's plan has changed over the years. Buffett has long invested in companies that sell at their own price. Later he started shopping at the store "well-run" companies and for competitive advantage:
Mr Buffett, president and CEO of Berkshire, has spent his first two years of investment trying to buy "cigarette butts," or companies that have sold below their value that investing might be worthwhile without the company's operations. . He later went on to focus on the purchase of well-regulated companies with strong competitive advantage at reasonable prices.
Buffett started learning at Apple in early 2016, shopping around 1 billion dollars by actions.
While studying for the company and asking his grandchildren about their loyalty to Apple products, Mr. Buffett decided that Apple was a retail company he could relate to. For Bufffft, this was a major change of plan. Overall, he avoided all tech companies because he thought he couldn't understand them.
The full report (in English) is an interesting read.
Source | WSJ
