Warren Buffet Will Continue To Invest In Apple Stocks

09 May, 2018, 02:55 | Author: Misty Newman
  • Warren Buffett Buffett

"If you look at Apple, I think it earns nearly twice as much as the second most profitable company in the United States".

Apple's stock price closed at $185.16 today. We bought about 5 percent of the company.

At the annual meeting with Berkshire Hathaway shareholders, Buffett praised Apple for its "extremely sticky products, able to connect customers to its ecosystem".

Gates made critical statements of the largest cryptocurrency by market capitalization when joining another one of the largest names in the financial world, Warren Buffet.

The gap between Apple and other US companies in terms of market cap is equally impressive, with the iPhone-maker now worth over $120 billion more than its nearest tech rivals Amazon ($773B), Microsoft ($732B) and Alphabet ($719B), which are the second, third and fourth in market cap valuations, respectively. But while the S&P 500 has remained in correction territory, Apple shares quickly recovered, and it seems that the company and Berkshire were there to help.

"I suspect that eventually, when Democrats control both houses of Congress and the White House, that we will get single-payer medical care, and I don't think it'll be much more friendly than any of the PBMs", Munger said. I'd love to own 100 percent of it. ... "And we could buy a lot of it".

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It is precisely for this reason that Buffett announced that it would still invest in AAPL titles: "We really like the business of their company". "It's worked for us in many other situations".

Buffett: "Yeah, it's buying something because you expect the pool of people who want to buy it, because they want to sell it to somebody else, will grow".

"And you get that and it will feed off itself for a while, and sometimes for a long while, and sometimes to extraordinary numbers, but they come to bad endings, and cryptocurrencies will come to bad endings", Buffett said.

"Like I say, [Apple CEO] Tim Cook can do simple math and he can probably do very complicated math too", Buffett added.

Apple is now just US$16 per share short of reaching the much-anticipated US$1t mark.

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