Berkshire's Warren Buffett Would 'Love To Own 100%' Of This Stock
- Author: Darren Santiago May 09, 2018,
May 09, 2018, 5:08
While others see potential weakness in the company for fear of slowing iPhone sales, Buffett sees a fantastic company that was worth buying an additional 75 million shares in addition to its previous 165 million shares, and stated that he would like to own 100% of the company. If I'm investing in Apple, I want people to think Apple is awful because they're repurchasing shares and it will go up faster.
Buff Daddy made his fortune investing in stable companies that produce simple services and commodities - like gas producers, banks, or beverage-makers. "I'd love to own 100 per cent of it".
They may be able to do it together.
Apple has been basking in its Q1 2018 results where the company laid to rest claims that its iPhone X had not worked out for its audience. Not to be out-complimented, Cook gushed that, "on a personal level, [he's] always admired Warren".
While Warren Buffett maybe upset about not investing and purchasing stocks from Google as well as Amazon, he certainly makes his interest in Apple clear as its 250 million stockholder, Berkshire Hathaway.
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The company, whose retail brands include Joe Boxer and Candie's, did not immediately respond to requests for comment. Securities watchdogs are probing whether Iconix had violated trading laws related to financial reporting.
A cryptocurrency conference, Bitcoin Day in Omaha, was coincidently scheduled during the same weekend as the Berkshire Hathaway annual shareholder meeting, but organizers had to cancel after the event's location host cited "conflict" with events on the same day.
Buffett: "The nice thing about buying Apple is that I don't care whether anyone mentions Apple again. We like very much the management and the way they think". "If you had bought gold at the time of Christ and you figure the compound rate on it, it may be a couple tenths of a percent".
"I think we've been a little too restrained", Munger told CNBC from Omaha, Neb. "With the passage of time, we may own 6 or 7 percent because they repurchase shares".
He says he hopes more daily newspapers can find a way to be economically viable because they are so important to society. There is no reason at all for me to encourage other people to buy Apple. "The top tech companies do have a very strong profit position right now but Apple has the most of all".
The race for who makes it to the $1 trillion cap first is warming up, and at the moment, Apple has a lot going for it.