Been listening to CNBC this morning ... Buffett talked about making his AAPL buy decisions based-upon watching his Grandkids with their Apple products.
I seriously doubt Buffett knows just how fragile AAPL really is !
Knowledge is Power, & in this case, Buffett appears to have very little !
He does, however, a blind following who would have NO problems following him over a cliff !
What difference would that make? He's not basing his investment on 1st hand use or emotion. He see's ever increasing subscription revenue. The fact a given version of iOS or Mac OS may not be that great has little bearing on that. It would take several unusable iterations of iOS for iPhone users to bail in any meaningful number to affect subscription services revenue or even iPhone sales.
Jobs removed the name “Computer” from Apple 11 years ago. He clearly knew where the world (and Apple) were headed."a testament to his confidence in the iPhone maker." I remember when they made computers.
It would be great if they actually had a sub-division, so there was still the monolithic giant, who could not move very fast and dare not try new thing for fear of profits, and another division of Apple, a LOT smaller who could develop new and interesting things, take some gambles, have some fun, and if it didn't work out, then no worry.
It's pretty amazing to think that an 87 year old multi billionaire wants: more money.
At what point does the game get boring? Apparently it never does for some.
Warren obviously has not used iOS 11 or High Sierra...
I'm sure he has a room of advisors.Been listening to CNBC this morning ... Buffett talked about making his AAPL buy decisions based-upon watching his Grandkids with their Apple products.
I seriously doubt Buffett knows just how fragile AAPL really is !
Knowledge is Power, & in this case, Buffett appears to have very little !
He does, however, a blind following who would have NO problems following him over a cliff !
I have been heavily invested in Apple stock for 11 years. I know exactly why Warren loves the stock. I was simply cracking a joke about Apple’s somewhat poor software quality control. Have a nice day.
So you don’t like Apple as it stands and you concocted a narrative that rising stock prices are bad for consumers?It's a strange world we live in.
In reality, the more Apple's stock keeps rising, the worse it is for Apple customers.
That may sound crazy, but what Apple are and have been doing in recent years, which MANY people don't like, is making the markets love them, which will only serve to reinforce Apple to continue even more strongly on this path.
It feels like, it'a balloon that's simply going to burst at some point. How much further is can stretch? well who knows.
It's like you are stuck in a money making slot, and any deviation from that slot could damage profits, so you carry on, along the same slot, even fitting yourself into the slot tighter than ever.
It's a shame that, I personally can see nothing really exciting to come from Apple for the forceable future.
It would be great if they actually had a sub-division, so there was still the monolithic giant, who could not move very fast and dare not try new thing for fear of profits, and another division of Apple, a LOT smaller who could develop new and interesting things, take some gambles, have some fun, and if it didn't work out, then no worry.
You're completely wrong here. He's very aware of where Apple is at. Far more so than you. You're kidding yourself if you think he's been invested in Apple for years purely because of how his grand kids use Apple products. He's researched them thoroughly and understands their earnings and position in the market better than most. You don't get to his level simply by investing in things you see others investing in without further understanding.
And your comment proves that savvy marketing, myth creation, and public relations campaigns do actually work. Warren Buffett is the ultimate financial insider, and has been for over a decade. His carefully-crafted "aw-shucks" image and public persona belie the hard-edged reality of the way he has conducted himself behind the scenes while amassing that fortune.
You're talking about Wall Street writ large right? Because that pretty much sums it up, we just think we need this kind of economic activity because (as you said) we tied our "retirement" to this scam for the long haul.Amazing pyramid scheme that doesn't get scrutiny from the government regulators since it's part of almost every official's retirement portfolio.
Buffet's track record for big tech investments isn't exactly great. Go back and look at how much he lost buying IBM at precisely the wrong time and believing the BS that their CEO was spewing. All he's done here is artificially drove the price way up. He's buying them at the peak of their wave. I don't see any great next thing they are going to do to carry the wave of the iPhone forward when it slows.