Berkshire Hathaway has lifted its stake in Apple Christopher Rossbach, our CIO, asks in the FT if they could be missing better options?
Financial Times Article: Is Warren Buffett’s Apple bet a value trap?
Is $100bn a lot of money? “I used to think so too!” Warren Buffett quipped at Berkshire Hathaway’s annual meeting last weekend in Omaha.
Berkshire holds that much in cash, and generates billions more every year. The need to invest it explains the other big news from Omaha: Mr Buffett bought another 75m shares in Apple, taking its stake to $42bn. He is now Apple’s third-largest shareholder.
But is Apple a great long-term investment or a value trap?
Read full article here