Wednesday, 17 October, 2018

Warren Buffett just bought a ton more shares of Apple

Tuesday's Vital Options Data Apple Inc., Tesla Inc. and Warren Buffett just bought a ton more shares of Apple
Guillermo Lane | 07 May, 2018, 13:56

"We don't own any; we're not short any", Buffett said in an interview on CNBC.

The billionaire chairman and CEO of Berkshire Hathaway, Warren Buffett, has again hit out at bitcoin, this time comparing it with rat poison.

Follow Business Insider's coverage of Berkshire Hathaway's annual meeting 2018.

During the traditional Q&A session at Berkshire Hathaway's annual meeting, a shareholder challenged Buffett on his refusal to pressure Berkshire subsidiaries to divest from gun-related businesses.

"We have a lot of common interests, and like any two big economic entities, there are times when there'll be tensions, but it is a win-win situation when the world trades", the investor said.

He said Berkshire Hathaway's success was not due to his celebrity status but rather to good business sense when it comes to sniffing out opportunities and making sound investments.

Here's the complete detail about this new feature — Instagram payment app
Maybe WhatsApp would allow users to get rid of ads by buying into a premium ad-free subscription for a fraction of the cost. All users will need to do is, head to the dedicated Insta page of the particular movie and click on the payments option.


The investment also helps Buffett deploy Berkshire's cash and equivalents while he looks for his first major acquisition since paying $32.1 billion (2.2 lakh crores) for aircraft parts maker Precision Castparts Corp in January 2016.

Buffett called Apple an "unbelievable company", and pointed out that it makes far more profit than any other American corporation. A delegation made up of representatives from the Trump administration spent Thursday and Friday in China negotiating possible changes to the US-China trade relationship.

"There's a very material risk which did not exist 10 or 15 years ago and will be much more intense as the years go along", he added.

Buffett hinted at the idea that these crackdowns might be a temporary hiccup in the trading relationship. "That is not investing", he said at the time.

"We don't want to be a pioneer on this".

The legendary investor also said that the president should try and explain the benefits of trade to citizens because they are sometimes hard to see.

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