re: Berkshire Hathaway sells 13% of AAPL stock. Now holding $189 Billion in Cash.

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.