Tuesday, May 17, 2016

Warren Buffett never liked tech stocks. So why does he own Apple? - The Washington Post

Also see Berkshire Bought Apple Stock, But Warren Buffett Didn’t (WSJ)

"The Apple investment appears especially curious given that Buffett’s only prior tech investment, IBM, hasn’t fared well so far. The stock’s performance has trailed U.S. markets the past five years.

But much has changed since Buffett first invested in household names such as Coca-Cola and Geico. Now Buffett is 85, and his apparent successors at Berkshire Hathaway, Todd Combs and Ted Weschler, wait in the wings. The duo invest independently, so a tech company that makes semiconductors, such as Apple, is fair game.

After the news broke of the investment, Buffett told the Wall Street Journal that either Combs or Weschler made the investment."
Warren Buffett never liked tech stocks. So why does he own Apple? - The Washington Post
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