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aristidb | 8 years ago

Fun fact: Berkshire Hathaway (Buffett's company) now has a huge stake in Apple. So it's not really true anymore that he avoids IT.

discuss

bob_theslob646|8 years ago

It's not because of the IT dominance per say, it this: "Apple's mound of cash and cash equivalents continued to scrape the cloudline this quarter, coming in at $268.9 billion in the company's quarterly earnings report." (https://www.cnbc.com/2017/11/02/how-much-cash-does-apple-hav...)

He is betting that in some shape or form, they will put that cash to work or issue a nice dividend.

fishcolorbrick|8 years ago

"Apple's mound of cash and cash equivalents continued to scrape the cloudline..."

Cloudline is being modest... a stack of a trillion dollars in singles will take you 25% of the way to the Earth's moon.

https://www.wired.com/2011/09/stacking-one-trillion-dollars/

addicted|8 years ago

The Apple investment is probably driven by similar principles as their Coca Cola investment.

chuckkir|8 years ago

He sees Apple as a services company now.