This is Warren Buffett’s favorite stock

by time news

2023-05-20 09:03:49

Et was an unusual confession for Warren Buffett: Apple is simply “a better company than any other company we own,” said the star investor. His investment company Berkshire Hathaway has invested a lot of money in Apple, but “no more than in the railroad,” which is also good business, but “not remotely” like Apple. For nearly four minutes at Berkshire Hathaway’s recent annual stockholders’ meeting, he talked only about Apple stock.

But there’s a reason for that: Depending on the calculation, Apple now accounts for up to 46 percent of Berkshire Hathaway’s portfolio. And it looks like the proportion will continue to rise. Just this week it became known that the holding company Berkshire Hathaway owned 916 million shares in the iPhone manufacturer at the end of March – 20 million more than at the end of December. While the rise is technical in nature, as it now includes the stocks of insurance subsidiary Genre, that doesn’t make the number any less impressive.

#Warren #Buffetts #favorite #stock

You may also like

Leave a Comment