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Once again, the oracle of Omaha got it right. Buffett made a gigantic bet on Apple in January because he saw it being cheap and undervalued. Warren talking abo
by nodesocket 9y ago
Once again, the oracle of Omaha got it right. Buffett made a gigantic bet on Apple in January because he saw it being cheap and undervalued.
Warren talking about the investment https://www.youtube.com/watch?v=27nxKovluxE https://www.youtube.com/watch?v=27nxKovluxE
- throwaway5752 9y agoHe also had about the same or more invested in IBM. He's a great investor but not infallible.
- nodesocket 9y agoYes, but he sold 30% of IBM at around $180ish for what I assume is a nice hefty profit.
- adventured 9y agoHis cost basis was $170 [1]. It's a modest profit as a percentage, and he's now close to underwater on his entire investment into IBM due to the drop (the ~$2 billion in dividends he has yielded, may keep him over break-even, unless IBM plunges again). [1] https://www.cnbc.com/2017/01/19/warren-buffetts-ibm-stake-was-in-the-black--briefly.html https://www.cnbc.com/2017/01/19/warren-buffetts-ibm-stake-wa...
- valuearb 9y agoPretty sure he's not losing sleep over where IBM is today. If he still owns it, he's still bullish on it.
- fulafel 9y agoThe stock already had a lot of growth expectations priced in, so whether he got it right from today's pov depends on whether these growth numbers are better than his buying price implied.