Saturday , January 16 2021

Warren Buffett loses about $ 3,800 million with Apple, but maybe that's what he wanted

Berkshire Hathaway, the investment vehicle of the American tycoon Warren Buffett, notes a hard fall on Wall Street, pulled by today's management: Apple.

The company's shares have fallen by 4.71% to $ 193.25.

Berkshire owns 252.5 million shares in the iPhone manufacturer, which at the end of yesterday's market traded at $ 157.92 per share. Share. When the market closed, Buffetts position was worth $ 39,870 billion.

But along with the collapse of more than 8% of the company's apple, it is estimated that the legendary US investor has experienced about $ 3,800 million in its position in the business.

Apple is the largest share of Berkshire Hathaway and represents approx. 21% of the portfolio.

Apple's role is US $ 144.

But is Warren Buffett really affected by this fall? Apparently not. This follows from his statements at the annual meeting in Omaha in May 2018.

"From our point of view, we would love Apple to come down in price", said the so-called "Omaha Oracle", referring to the fact that a drop in value would allow them to acquire more papers from the company.

Buffett sees Apple more as a consumer action than as a technology act that reflects iPhone status as a major asset to many people, Reuters reports.

Buffett is a reputable investor whose success has been more connected with the purchase of railways, energy companies and the real estate industry rather than technology companies.

And in that sector he made a mistake, just like the investment he made at IBM.

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