Warren Buffett says Apple is 'probably the best business I know in the world'

  • 📰 CNBC
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 72%

United States News News

United States United States Latest News,United States United States Headlines

Warren Buffett told CNBC that Berkshire Hathaway's 'third largest business,' after its insurance and railroad interests, is its stake in Apple.

Over the past 12 months, Apple shares are up about 80%.

"It's probably the best business I know in the world. And that is a bigger commitment that we have in any business except insurance and the railroad, Buffett said.Buffett said he wished he bought Apple long before he did. "I should have appreciated it earlier."that Berkshire Hathaway bought 75 million more Apple shares, adding to its already huge stake at the time of 165.3 million shares.

Buffett, a self-admitted Luddite, resisted using an iPhone in favor of his flip phone even as Berkshire bought Apple stock. But on Monday, he told CNBC that he finally gave in and switched to an iPhone.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

But he doesn’t use there product

It’s a shame you don’t have better reporters to ask a simple follow up question, WHY? Coke and Am Ex pretty impressive businesses as well as Geico in their heyday And quite the flip flop from a guy who said he would never buy tech SMH BeckyQuick TheDomino

When WARREN B talks about INTEGRITY CHARACTER and ETHICS...that MUST NOT be sold for profit...and he overwhelmingly supports APPLE...knowing full well their outright use of illegal CHILD LABOR and many places ILLEGAL CHILD 'SLAVE' LABOR to make products...BUFFET's lying.

Is it because it enslaves Chinese people for its benefit?

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Warren Buffett 'almost certain' stocks will outperform bonds if interest rates remain lowIn his annual letter to shareholders, Warren Buffett wrote that stocks are still a 'much better' choice for investors over the long haul. Giant Trump tax cut for the rich. The 1%. Good job Donald. TaxCutsForTheRICH I have been with Warren(89) and Charlie (96) for over 30 years. Today. I received the annual news letter and it is always an informative and entertaining letter. May God Bless these managers of Berkshire!
Source: USATODAY - 🏆 100. / 63 Read more »

Warren Buffett annual letter: Berkshire Hathaway record stock buybacks - Business InsiderBerkshire Hathaway's cash pile was $128 billion at the end of the year. It reached the record amount in the third quarter of 2019. Investing in the pyramid scheme to keep it going
Source: BusinessInsider - 🏆 729. / 51 Read more »

Warren Buffett interview live updates: 'Good for us' when stocks drop, Buying since he was 11“Don’t buy or sell your business based on today’s headlines.” Warren Buffett talks about buying and selling stocks in the midst of uncertainty, like the coronavirus outbreak. AskWarren Buying opportunity Really we have to listen to this guy talk all morning. On a bloodbath day let’s get some knowledgeable guests to give us insight into covid19 and its real market implications mr_jettlife
Source: CNBC - 🏆 12. / 72 Read more »

Warren Buffett says bank stocks are 'very attractive compared to most other securities I see'Berkshire Hathaway founder Warren Buffett spoke to CNBC's Becky Quick on 'Squawk Box' on Monday. Lolol BUY BITCOIN Buffett no longer sounds visionary and he still can't look at the present and credit Pres Trump for the economy. Still from Omaha but no longer an oracle! Warren Buffett could say 'Hey, you see this company that sells rubber feces? Their stock is 🔥🔥🔥!' and suddenly it's rocket for $0.10 a share to $200.
Source: CNBC - 🏆 12. / 72 Read more »