Warren Buffet is the fourth richest man in the world and also known for being one of the shrewdest operators when it comes to investing in stocks. So, it comes as no surprise to learn that Buffet’s company Berkshire Hathway owns $50 billion worth of stock in Apple. Tim Cook, CEO of Apple, recently attended the annual shareholders meeting of Berkshire Hathway and said that he was “thrilled” that Buffet is an investor in Apple.
In an interview with Fox Business, Cook was asked that if he feels happy that Buffet had invested in Apple. Cook replied, “I am thrilled, I am thrilled.” Not just that Cook also described Buffet as a “great teacher.” When asked what he had learnt from Buffet, Cook said, “Warren, to me, I’ll do the obvious wisdom: Integrity, humility, straight language, plain language,” before describing him as a great teacher, “I don’t think there’s a better teacher,” said Cook about Buffet.
Last week, Apple came out with its quarterly earnings which had surprised many experts and analysts as the company posted healthy numbers. Even though the sale of iPhones have been low in almost every country, close to 53% of company’s revenue came from its flagship product. Apple’s Services business continued to rake in the Moolchand as did the AirPods and Apple Watch.
Buffet, meanwhile was asked about Apple’s recent financial report and in an interview with CNBC said that he was “pleased.” He further said that none of his investment decisions were taken on the basis of quarterly reports. With regard to Apple, he told CNBC, “What they talked about and reported is consistent with the reason we own $50 billion-plus of Apple.”
Buffet remains the fourth richest man in the world, as per Forbes’ billionaires index, with an estimated wealth of close to $89 billion. Buffet’s Berkshire Hathway has almost 60 companies under its umbrella and he is also considered one of the leading philanthropists in the world.―Times of India