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Warren Buffett's Stake in Apple Tripled in Value to Over $100 Billion
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The real Warren Buffett has been retired 15 years and is living like a king in. Patagonia.
If that photo of Warren is recent, nice to see that he still has classy taste in his choice of a watch. No Apple watch telling him to stand up, breathe, wash your hands longer etc.
What a legend.
To be fair, it’s been one of his only good picks lately, but it’s kind of all he needs.
Kraft, Wells Fargo, airlines, IBM, have all been absolutely garbage.
To be fair, it’s been one of his only good picks lately, but it’s kind of all he needs.
Kraft, Wells Fargo, airlines, IBM, have all been absolutely garbage.
These are the stories I always think of when I see those 'experts' say Buffett can't beat the algorithmic super-machines and that he's washed up.
Then again, it's also the type of story I think of when I see him or Bill Gates congratulating each other at a forum pretending they've actually given their entire fortunes away.
Then again, it's also the type of story I think of when I see him or Bill Gates congratulating each other at a forum pretending they've actually given their entire fortunes away.
I think he still doesn't use a computer if not to play bridge and little else.
There's gotta be a point where making more & more billions is absolutely meaningless (and absolutely unrewarding).
If you're going to do a piece like this you need to do homework. He lost billions selling airline stocks in April and hasn't been making any moves since. While it sounds impressive, the $100b would be $300b if he wasn't so wrong about where the market was going.
To be fair, the airlines position was small relative to AAPL. He went in hard on AAPL, buying 5% of the company. He should have done more as he partner said.
stock splits make more shares available. Each existing shareholder now has more shares. Although the price is cut, the equity of existing shareholders is unaffected. Lower price means more investors will now buy. And soon the price goes up.
Lol, I didn’t need an explanation of what stock splits do to valuations.
My point is, the value is unaffected and the theory more people buy the shares because the price is lower is hard to quantify. It perhaps makes AAPL more available to smaller investors, but fractional shares are already a thing. I am not convinced it’s a huge needle mover for share price.
Googl, AMZN, TSLA haven’t cared.
There are many stocks under $20 that I wouldn’t touch. Makes no difference in the end how the stock is priced.
Darth Tulhu
macrumors 68020
Still, I bet he has tons of security, and so do his kids.
Money has a way of changing both you and those around you, especially when you have obscene amounts of it.
I'm not saying wealthy people are bad, mind you. I think they are different, especially if they grew up with money. It can have a disconnecting effect with the rest of society.
But, my point really was that ALL of them are a target, and I'm not sure I'd want that on my back.
The point of the Millionaire Next Door book is that most people that are millionaires are just plain folks living pretty simple lives. They may have worked harder/smarter, got luckier, or otherwise done better, but most did not start from monied families.
And as far as people being targets because of having more, most are not, unless you are in the hundreds of millions and are on the news all the time. You just don't hear about kidnappings very often.
He could have just held the airlines stock instead of taking a loss, or investing more when it was down. But that’s a personal preference. I shouldn’t even say taking a loss, cause I don’t know if he actually lost money, he def8nirely left money on the table.
He sold the airlines at the bottom, but the position was so small, it could have been Todd/Ted.
Agree, terrible sale. Recently, Buffett has been very poor at stock picking And the AAPL completely made up for all the other bad picks. It’s been one of the few good ones. WFC has been garbage, KHC, airlines, holding way too much cash and not acting in March when he could, etc. all very unBuffett like.
If it makes you feel any better, it would “only” be worth a bit over $50,000.
$1500/$12 per share = 125 shares x $435 per share today = ~$54k
I think this guy is able to communicate with his future self some how. I read once that he refused to invest in technology because he did not understand it and missed the whole 90's bubble.
In 2016, Apple is well established, saturated the market, and became the one of the most valuable companies in the world after it was on the brink of bankruptcy in 1996 he finally decides to invest $35B only to triple its value in four years.
In 2016, Apple is well established, saturated the market, and became the one of the most valuable companies in the world after it was on the brink of bankruptcy in 1996 he finally decides to invest $35B only to triple its value in four years.
