Warren Buffett more than doubled his holdings in Apple in 2017 – CNBC (Feb 27, 2017)
I’ll keep this brief – as I’ve argued previously, what happens with stock prices (and purchases of stocks) is at best a secondary indicator of what’s going on with a company, and at worst an entirely separate game that’s more about confidence in a stock than the company itself. Warren Buffett and Berkshire Hathaway are slightly different animals though – he’s notoriously conservative and long-term in his thinking about his investments, and only recently made his first tech investment in IBM, which is about as blue chip as they come. So the fact that he’s added Apple to his holdings and then doubled his stake recently is worth noting for the fact that even someone as conservative as him sees a long time upside in owning Apple stock. More interestingly, he’s invested on the basis of seeing how real people feel about the Apple products they own, which Apple itself also argues is one of the most important metrics you can look at when it comes to predicting its future.
via CNBC
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