3 ms·

And here I was thinking "what a great time to buy Apple stock". I don't think Buffet is betting on technology. From his perspective he is betting on the car an

• sethev 10y ago
  Only he knows for sure but it seems a lot more likely from reading his annual letters that he's betting on the quality of their management team and their continued ability to produce profits. It would be very out of character for him to make a bet on future technology.
• spinchange 10y ago
  The stock is trading at a discount to earnings and probably not even that huge of a premium over book value (relative to its peers). Incidentally, it's probably (still) the most valuable and venerated modern consumer brand on earth.