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Prediction: Warren Buffett Will Start Buying More Apple Stock This Quarter
Warren Buffett has made no secret about how much he likes Apple (NASDAQ: AAPL), once referring to it as the best business he knows of. It's routinely the top holding in the portfolio of Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B), Buffett's conglomerate. But for multiple quarters last year, Berkshire had been trimming its position in the iPhone maker, leading some investors to wonder if the billionaire investor is no longer as optimistic about the tech company.Not only do I think that's not true, here's why I also believe he probably added to his position amid the market's recent sell-off.Continue reading
Warren Buffett has made no secret about how much he likes Apple (NASDAQ: AAPL), once referring to it as the best business he knows of. It's routinely the top holding in the portfolio of Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B), Buffett's conglomerate.
But for multiple quarters last year, Berkshire had been trimming its position in the iPhone maker, leading some investors to wonder if the billionaire investor is no longer as optimistic about the tech company.
Not only do I think that's not true, here's why I also believe he probably added to his position amid the market's recent sell-off.
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