Warren Buffett Speaks About Why He Chooses Apple Stock

Warren Buffett Speaks About Why He Chooses Apple Stock

Warren Buffett Speaks About Why He Chooses Apple Stock

The rise came on the back of investing heavyweight Buffett telling CNBC this morning that he loved Apple stock so much that he would own "100 per cent of it" if he could. The cheaper the stock is the more they will get for their money.

Berkshire Hathaway's legendary duo Warren Buffett and Charlie Munger could retire soon. He likened it to Oscar Wilde's definition of fox hunting, calling it "the pursuit of the uneatable by the unspeakable".

But amid some concerns that the conglomerate will take a hit if that happens, Buffett isn't at all anxious, according to a Morgan Stanley note on Berkshire Hathaway's annual letter to shareholders.

Buffett is a big fan of so-called economic moats, or advantages that allow companies to retain their customers despite the competition-which for Apple is the iPhone, he said. Berkshire has said its board knows who would become chief executive if the need arose.

- Buffett joins "Squawk Box" for three hours, 6 a.m. ET to 9 a.m. ET, with special guests Munger and Microsoft MSFT co-founder and philanthropist Bill Gates.

Buffett renewed his desire to spend some of Berkshire's low-yielding cash on a major acquisition. With the news kickstarting the new week, CNN Money reported that Apple shares rose almost 2 percent on Monday and that the world's biggest tech company by market cap is now worth more than $940 billion. We like very much the economics of their activities. It now has a 5% stake in the iPhone maker, trailing only Vanguard Group and BlackRock.

After buying 75 million AAPL shares, entrepreneur and economist Warren Buffett says he believes more and more in Apple and wants to invest even more.

The endorsement was well received and Apple CEO Tim Cook responded to the endorsement and appreciation in kind in a statement where he said, "On a personal level, I've always greatly admired Warren and have always been grateful for his insight and advice". "I'd love to own 100 per cent of it".

He also said "The truth is that I've watched Amazon from the start and I think what Jeff Bezos (Amazon CEO) has done is something close to a miracle". He said choosing the CEO will be "by far the most hard decision we will make".

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