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They literally just bought 75 million more shares of Apple.
by vasco 9y ago
They literally just bought 75 million more shares of Apple.
- westpfelia 9y agoThey just announced that they HAD been buying 75 million shares. The SEC would freak the fuck out if BRK tried to buy up that much apple in one day. As would the market. In reality they have been buying it in small chunks over the last several months.
- taneq 9y agoWell, that's how it works, isn't it? You can't just buy the cream, you have to buy the guy who buys the cream...
- Nokinside 9y agoBecause they saw the cash mountain Apple was sitting on. After Apple announced $100 Billion stock buyback it was self evident to everybody why BRK did what it did.