1. You could still make money on the short term bet, while BH makes money on the long term bet. 2. BH just doesn't think like that. They don't often invest to

1. You could still make money on the short term bet, while BH makes money on the long term bet. 2. BH just doesn't think like that. They don't often invest to sell long term, but are looking for either things that fit into their stable of companies, or are things that are likely to pay a steady dividend over the long run without losing too much value over time. Since there's no way they're going to be willing/able to acquire a huge stake in AAPL, they're likely planning on just holding onto it and hoping that the dividend + what they sell it at pays back $1B over 10-20 years, which is entirely possible.