The famous businessman, Warren Buffet, says that Berkshire Hathaway has left one of the assets behind after the huge profits, he describes the time when the company plans to buy back the stock.
In a new interview with CNBC Television, the billionaire he says that he sold the stock of the technology giant Apple (AAPL) recently, although he does not regret why he made a huge profit of $ 100 billion.
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“I sold (Apple) recently, but I bought recently. I think we made more than $100 billion in that scam. I have no ability to predict what stocks will do next week or next month.
I’ll buy it if it’s cheap, I’ll buy more if it’s cheap and I think I understand the business, and Apple is still our biggest investment…. It’s better than any business we have.
Buffet continues to say that Berkshire Hathaway – which has more than $ 373 billion money in hand – may go buy more AAPL if the price is right.
“I’m very happy that it’s going to be so big. I’m not happy that it’s going to be as big as anything else combined… It’s impossible for Apple to get to a price where we can buy more. But not in this market, it’s not going to happen in this market.”
In 2024, Buffet to be sold 67% of the company’s value to AAPL, continuing to sell the stock until next year and early 2026. reportsAAPL makes up 22.6% of Berkshire Hathaway’s portfolio.
AAPL is valued at $255.92 at the time of writing.
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