The stake is currently valued at around $150 billion and as Berkshire has gained amid the market volatility, the value of Apple relative to the rest of Berkshire has come down, but it's still huge, and represents a little under half of all the stock owned by Berkshire. At one point this year, Apple's value within the Berkshire stock portfolio was equal to the value of all of Berkshire's operating companies combined. Certain kinds of technology themes might still be a bridge too far for Berkshire, such as pure-play EVs and AI, but with Apple over the past decade, Cunningham says, what has been seen is a market leader similar to an auto company in the 1920s.Īpple has done so well, though, that it has created a stock concentration issue unlike any Berkshire has faced before. By the time it started acquiring Apple shares it was clear how large a runway the company had for growth and scale. Warren Buffett's long-time aversion to technology is now long gone and Apple now the company's biggest stock holding, and long-time Berkshire Hathaway expert and George Washington University professor Lawrence Cunningham says in hindsight it's become clear that the Berkshire bet on Apple should never have been much of a surprise.
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