FelixDerKater
macrumors 68040
Apple shares or Berkshares, this is the question.
You're wrong if you think he's "talking up his book" because Buffett has been consistent in what he's said about Apple (publicly) since he started buying it.The stock market is a weird thing. The comments of one man, albeit a very wealthy man, can increase the stock price of one he's heavily invested in.
I'll take the S&P.S&P is better than Treasuries, but he does not mention that both are equally as bad at these levels.
Apple is not even close to what one would call an expensive stock and Buffett is likely not done buying shares. Berkshire still has over $100B in cash to deploy and Buffett has said he'd love to own more Apple. He'd definitely like to buy it lower than current levels, giving him no incentive to "pump" it...lol.This is called "the pump".