Buffet discloses buying 9.8 million shares of AAPL

He's already lost $200+ million on it, too. Average price he bought at was $109. Still interesting that BRK is putting money into Apple

Bought Apple at $90 last Thursday; can't say I'm upset by the Buffett news.

it wasnt really warren,, it was one of his fund managers when they said that on the premarket it dropped $1. Warren himself doesnt invest in tech, when apple was $385 or so in 2013 CNBC had a special talking with him asking why he wasnt buying apple and he said he only buys what he knows and thats not tech. Regardless its nice to see BKS take a stake, but it wasn't warren himself and it was only $1B worth hardly a conviction buy or anything. Still think its a great price long term, regardless of growth, the buybacks + dividend here give you great growth for a while

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Buffet discloses buying 9.8 million shares of AAPL by dabigfella it wasnt really warren,, it was one of his fund managers when they said that on the premarket it dropped $1. Warren himself doesnt invest in tech, when apple was $385 or so in 2013 CNBC had a special talking with him asking why he wasnt buying apple and he said he only buys what he knows and thats not tech. Regardless its nice to see BKS take a stake, but it wasn't warren himself and it was only $1B worth hardly a conviction buy or anything. Still think its a great price long term, regardless of growth, the buybacks + dividend here give you great growth for a while

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I don't disagree with you, but I still gotta assume that a $1 billion buy is ran by WB briefly. Especially the way Apple has been lately, it's not like it's on a run. That guy has to be sweating bullets right now with it being down that much.

If Warren had a hand in it, you'll never know his entry price unless BRK bought it, and then you'd need to read the footnotes to see if he/they sold blind puts to lower their cost of entry.

He/they have done this in the past on sticks they want to own.

FTR, I have no idea who bought it. And I don't now if his "fund managers", whomever they are, bought it either.

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I don't disagree with you, but I still gotta assume that a $1 billion buy is ran by WB briefly. Especially the way Apple has been lately, it's not like it's on a run. That guy has to be sweating bullets right now with it being down that much.

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I don't think you understand how BRK is run these days. WB brought in Todd Combs and Ted Weschler to be his and Munger's eventual replacements. In the meantime, they independently manage $9 billion each. WB is not consulted, though I imagine they may go to him for input, advice, etc., on occasion. Besides, WB and Munger don't care if a position goes down after they bought it because of a) the margin of safety they seek in every investment, and b) they seek companies with stocks that are worth more than the current market price. So long as A & B are followed, they are okay with a position going down in the short term.

And to settle who bought the position, Buffett said he didn't buy it, but Combs and/or Weschler did, according to the WSJ. He said that he was not consulted about the purchase, and he has said repeatedly in the past that any smaller positions made public through filings are not his doing but that of Weschler and Combs. Sorry if the article requires a subscription.

Buffett and I combined now own over 9.8 million shares of AAPL.....

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There are only a couple of dozen employees in Omaha and very little is bought new that Buffet isn't a part of. Many are still brought to Charlie Munger as well and he is in his 90's. I'm positive he was involved in the decision to buy Apple.

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If you read his annual letters, you would know that the two investment managers have pretty much total control over their portfolios - especially when it comes to non-control stock investments like this. The portfolio companies can pretty much pick up bolt on acquisitions whenever they want and only need to run it by Omaha if they need a cash infusion to make it happen.

Now major control acquisitions, especially when they do not have a presence in that industry, are certainly approved Warren and Charlie.

But it's very clear that not only does Berkshire maintain their famously decentralized structure, but the two guys at the top are increasingly preparing for their departure by turning over responsibility. It was clearly meant for the two investment managers to essentially take their places down the road.

I think the run up will continue until the iphone 7 comes out.

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baldona

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Step 1: read my post.
Step 2: read the Wall Street Journal article in my post.
Step 3: ???
Step 4: stop making the argument that Buffett was consulted.