Berkshire Hathaway reported a 9.8 million share position in Tim Cook’s gay Apple today, which is odd, since Apple is wholly a piece of shit.
However, judging by Warren’s recent moves, perhaps senility is finally taking grip of the great one’s gigantic brain. Buying Apple is almost like taking money and simply throwing it away.
Nevertheless, shares of Apple are slightly higher this morning, off this news.
Well, silly me…kept AAPL as a core position & boy have I been burned. You got out of all stocks – FLY?
Don’t you have core positions you hold?
I have old AAPL computer that still haven’t updated & am so angry at stock – I’m limping along & refuse to buy new until I see my stock recover. Or maybe should buy to help?
Question…does it pay to hold anything? In this market…stocks been bought in last few years?
I sold everything before new year. I am long tlt from $119 with 25% of my account and play the oversold signals in Exodus via SPY
I bought AAPL at a post-split cost basis of $37. This is not a growth stock any more, it is a value stock at $90. That was my opinion when it was first listed in the Dow as well. I would assume Buffett bought the last time it hit $90, the man is not senile and his track record speaks for itself. Do I wish I had sold at $134? Well, I sold plenty at $120, $125 and $127. Steady divvy bumps and I would assume share buybacks at this level do not make me uncomfortable at all. When you are talking to your digital iShirt in your AppleCar in a couple of years, it will all become clear. Also expect more acquisitions like the one just announced in China. $1 Billion purchase price…chicken feed.
One more thing, this is not Tim Cook’s Apple. It is Jony Ive’s Apple. The Ace in the Hole. The genius who graciously allowed Steve Jobs to take all the credit for the company’s success. The first paragraph is all you need to know…”…leading and directing Human Interface Design”. Pity he is not the guy up on the stage at company events.
https://en.m.wikipedia.org/wiki/Jonathan_Ive
Sorry, it’s Tim Cook’s apple
Agree with Fly. It is Tim Cook’s AAPL. As a user I should have known better to hold AAPL. I HATED the way ITunes changed & made it much more difficult to use for DJ’s & music lovers. Apple made silly icon design changes & non- stop updates while competitors were improving hardware & main features. They bungled the iPhone sapphire non-breakable screen. Have yet to come out with waterproofing & It’s impossible to get reps on phone & get refunds while Amazon answers in seconds & gives refunds no questions asked. When I saw Echo – should have sold the stock right then & there!
I may not be citing technical reasons but I knew & looked the other way.
The trouble with Apple is that it’s full of fake hipsters and ideologues, and the products suck lately. Momentum is gone until something changes.
Apple needs to buy Tesla and then make Elon CEO of Apple.
Or how about the Walmazon merger buying AAPL and GOOG . Then there will only be one tech/retail company on earth– Walmazon-Applgoog.
Flame away but a queer basically has something wrong with their brain and cannot be counted upon to make logical choices or decisions. Intelligent? yes, but that does not mean logical. Cookie is still riding Jobs’ coat tails.
Uncle Warren sees an opening…
Hmmm. And women are not psychologically equipped to drive or vote.
Apple developed some great products and people paid a huge premium to own them, but that run seems to be coming to an end.
You don’t need flames. You need someone to keep sharp objects away so you don’t hurt yourself. Drool bib optional.