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I don't think he's necessarily bearish on Apple. Buffett could feel like the entire market is overvalued like in 2001. Even Microsoft fell for a few years with
by abirch 2y ago
I don't think he's necessarily bearish on Apple. Buffett could feel like the entire market is overvalued like in 2001. Even Microsoft fell for a few years with great profits.
- freedomben 2y agoThanks, that's very fair. Berkshire still has a pretty huge stake, which they wouldn't be holding if they were bearish.
- tsunamifury 2y agoFunds like this don’t think one way. They can be bearish, cash out while hedging
- freedomben 2y agoAlso fair point. Berkshire has such a significant impact on the market that they have to take a long-term approach just to changing their stake, lest they sway the market. I've never been involved with a big firm like this, but I would also imagine there's some regulation involved around what/how they're able to operate, so that could also be a non-trivial factor in their decisions and current positions.