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Fun fact: Berkshire Hathaway (Buffett's company) now has a huge stake in Apple. So it's not really true anymore that he avoids IT.

• bob_theslob646 9y ago
  It's not because of the IT dominance per say, it this: "Apple's mound of cash and cash equivalents continued to scrape the cloudline this quarter, coming in at $268.9 billion in the company's quarterly earnings report." (https://www.cnbc.com/2017/11/02/how-much-cash-does-apple-have.html https://www.cnbc.com/2017/11/02/how-much-cash-does-apple-hav...) He is betting that in some shape or form, they will put that cash to work or issue a nice dividend.
  • addicted 9y ago
    The Apple investment is probably driven by similar principles as their Coca Cola investment.
  • fishcolorbrick 9y ago
    "Apple's mound of cash and cash equivalents continued to scrape the cloudline..." Cloudline is being modest... a stack of a trillion dollars in singles will take you 25% of the way to the Earth's moon. https://www.wired.com/2011/09/stacking-one-trillion-dollars/ https://www.wired.com/2011/09/stacking-one-trillion-dollars/
• chuckkir 9y ago
  He sees Apple as a services company now.