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Berkshire Hathaway sells 13% of AAPL stock. Now holding $189 Billion in Cash.
Posted on 5/4/24 at 10:09 pm
Posted on 5/4/24 at 10:09 pm
Buffett said that with the current state of the market that he doesn't mind hoarding cash.
This is the 2nd quarter in a row that he has cut his Apple holding.
He said that at the end of 2024 that Apple will "likely still be Berkshire's largest holding".
That's an ominous statement considering Apple is far and away its largest holding right now.
Buffett said he doesn't really see any opportunities at this time, maybe down the road.
Will be interesting to see how the market & Apple react Monday.
He sounded far from his usual optimistic self today regarding the market.
This is the 2nd quarter in a row that he has cut his Apple holding.
He said that at the end of 2024 that Apple will "likely still be Berkshire's largest holding".
That's an ominous statement considering Apple is far and away its largest holding right now.
Buffett said he doesn't really see any opportunities at this time, maybe down the road.
Will be interesting to see how the market & Apple react Monday.
He sounded far from his usual optimistic self today regarding the market.
8
Posted on 5/4/24 at 11:58 pm to Oracle of Orlando
All In podcast said there has been historically a correlation between how many times Buffett mentions a company in his annual letter, how much of that company's stock they hold onto, and that company's stock performance in the coming years.
Apple had the fewest mentions, Buffett started to shrink his position, Apple stock could be questionable for a bit.
Apple had the fewest mentions, Buffett started to shrink his position, Apple stock could be questionable for a bit.
Posted on 5/5/24 at 12:37 am to Oracle of Orlando
I don’t trust Greg Abel one bit.
Posted on 5/5/24 at 6:57 am to Oracle of Orlando
quote:
Now holding $189 Billion in Cash.
Prepping to go all in when the crash we've been waiting for of the last 3 actually happens
Posted on 5/5/24 at 9:31 am to Oracle of Orlando
Apple isn't innovating anymore. They just scrapped their car program. Their headsets were largely seen as a joke. Looked like something from a Wes Anderson movie about tech.
They're a hardware producer who hasn't had a major hardware innovation since the iPad. The landscape is changing into valuing software, especially AI.
They need to buy Disney.
Imagine where they would be without Google paying them so much to be the default search every year. Now, can Apple make an AI that replaces Google search? And how long would it take for this to be more profitable than what they're paid by Google?
They're a hardware producer who hasn't had a major hardware innovation since the iPad. The landscape is changing into valuing software, especially AI.
They need to buy Disney.
Imagine where they would be without Google paying them so much to be the default search every year. Now, can Apple make an AI that replaces Google search? And how long would it take for this to be more profitable than what they're paid by Google?
This post was edited on 5/5/24 at 9:34 am
Posted on 5/5/24 at 9:44 am to Oracle of Orlando
Warren Buffet selling your stock has been a good thing lately. 
Posted on 5/5/24 at 10:05 am to Oracle of Orlando
He has held large amounts if cash forever. $189B is a lot. Buffet is probably thinking that $189B ain't what it used to be. Lol.
Posted on 5/5/24 at 12:10 pm to Oracle of Orlando
From an Investing perspective, The ONLY reason Apple is relevant is because they have a huge ecosystem moat that prior innovation created. Nobody wants to be bothered by importing contacts, moving pictures around, etc,. So people continue to upgrade the iPhone hardware steadily but more importantly they continue to upgrade their service plans. Every few years you need more storage. That is the only thing keeping them “growing” at this point. The margins are insane. They’re also fabulous financial engineers.
The buyback is good for the value, but signals they have nothing better to do with 110 billion. This is after wasting 10 billion on a car. A company who has never manufactured anything with a moving part was going to make a car. It’s laughable in hindsight.
They could have spent that 10 billion tiring Siri into something useful with AI. Tim is an excellent operator but extremely lame with innovation and excitement.
The buyback is good for the value, but signals they have nothing better to do with 110 billion. This is after wasting 10 billion on a car. A company who has never manufactured anything with a moving part was going to make a car. It’s laughable in hindsight.
They could have spent that 10 billion tiring Siri into something useful with AI. Tim is an excellent operator but extremely lame with innovation and excitement.
Posted on 5/5/24 at 9:45 pm to Oracle of Orlando
So I've always wondered what people do with 10s of millions of dollars+ of cash, but dang what does a company like Berkshire do with so much cash on hand?? Is there insurance the purchase to protect them like the FDIC does we pions of the world?
AAPL has struggled to break thru 200, so I guess that won't happen anytime soon. It's definitely looking to be a stale stock.
AAPL has struggled to break thru 200, so I guess that won't happen anytime soon. It's definitely looking to be a stale stock.
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