Warren Buffett's Apple bet is worth $158 billion or 22% of Berkshire Hathaway's total market value. The investor gave 5 reasons why he's not stressing about the wager's size.
The legendary investor and Berkshire CEO waved away concerns that the wager is now disproportionately large during his company'sHe laid out five reasons why he's more than happy with the size of the investment, and not worried about being overconcentrated in a single stock. They ranged from Apple's business model and brand power to its predictability and penchant for stock buybacks.Berkshire spent about $36 billion between 2016 and 2018 to amass a 5.4% stake in Apple.
"Apple is not 35% of Berkshire's portfolio," he said."Berkshire's portfolio includes the railroad, the energy business, Garanimals, you name it,In other words, Buffett views Apple as just one of Berkshire's many business interests. Those range from stakes in public companies like Coca-Cola and Kraft Heinz, to its wholly-owned subsidiaries like Geico, Duracell, and the BNSF Railway.
"If they had to give up a second car or give up their iPhone, they give up their second car," he said.
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