"Buffett emphasized that Apple has turned Berkshire's $35 billion investment into $185 billion before tax, showcasing the immense growth and success of the tech giant."
"He humorously noted that Berkshire had turned over management of the money to Apple to make itself 'look good,' highlighting a unique investment strategy."
"Buffett remarked on Tim Cook succeeding a legend, Steve Jobs, and pointed out that only a 'very few percentage points of American investors had even heard' of Cook at the time."
Warren Buffett highlighted Berkshire Hathaway's successful investment in Apple, which turned $35 billion into $185 billion. He praised Tim Cook's leadership, noting the transition to Greg Abel as CEO was successful. Buffett humorously remarked on the management of funds and reflected on Apple's 50th anniversary. He acknowledged Cook's role in succeeding Steve Jobs and emphasized the initial lack of recognition for Cook among American investors. Despite selling some shares, Apple remains Berkshire's largest investment.
Read at www.businessinsider.com
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