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>> Not really. People were worried about Steve Jobs and Apple. They did fine. Oh, I wouldn't say that. Succession risk is a lagging indicator. That Apple is do
by icelancer 9y ago
>> Not really. People were worried about Steve Jobs and Apple. They did fine.
Oh, I wouldn't say that. Succession risk is a lagging indicator. That Apple is doing fine now - extremely well, actually - and has for a few years since Jobs passed away is no good predictor of the future. There are a lot of reasons to be short Apple's long-term future; moreso since Jobs died.
- tim333 9y agoThough I see Apple is Berkshire's largest stock position by acquisition cost so there are presumably reasons to be long also.