Wednesday, 23 May, 2018

Bill Gates reveals himself as one of Bitcoin's harshest critics

Warren Buffet Warren Buffett: Can't Operate His iPhone, Calls Bitcoin 'Rat Poison'
Ivan Hill | 09 May, 2018, 07:47

Apple has been basking in its Q1 2018 results where the company laid to rest claims that its iPhone X had not worked out for its audience.

Buffett's company, Berkshire Hathaway, is the biggest shareholder in Wells Fargo, which has been mired in scandal for more than a year.

Apple share prices soared to $183.83, their highest value ever, after Warren Buffett announced he had purchased a whopping 75m shares in the first quarter.

"I didn't go into Apple because it was a tech stock in the least", Buffett explained at the Berkshire meeting.

"I clearly like Apple".

During the meeting itself, Buffett joked that "if you had bought gold at the time of Christ and you figure the compound rate on it, it's a couple tenths of a percent".

'Arrested Development' Reveals Season 5 Premiere Date, Official Trailer, and Photos
The re-cut fourth season of " Arrested Development " is streaming now on Netflix , and the fifth season is just around the corner. The official launch date for the fifth season is set for May 29, 2018 , and this time the whole gang will be together.


Note: Warren Buffett has said that while he would buy five-year put options on cryptocurrencies, he wouldn't short a dime's worth.

Since the initial disclosure nearly 2 years ago, Apple's stock has nearly doubled, as well as breaking records and reaching a new level on Monday, making it a massive success for Berkshire Hathaway. And now Microsoft owner, Bill Gates also had some kind words for Apple, calling the company "amazing" during a CNBC interview earlier today. We own 5 percent of it. "So we very much approve of them repurchasing shares". Many of them are still wondering what Buffett might do with the more than $100 billion cash that Berkshire is holding. He likened it to Oscar Wilde's definition of fox hunting, calling it "the pursuit of the uneatable by the unspeakable".

While Warren Buffett maybe upset about not investing and purchasing stocks from Google as well as Amazon, he certainly makes his interest in Apple clear as its 250 million stockholder, Berkshire Hathaway.

Buffett said Monday that he really likes the economics of the iPhone maker's business, and the company's management. "And we could buy a lot of it".

The gap between Apple and other US companies in terms of market cap is equally impressive, with the iPhone-maker now worth over $120 billion more than its nearest tech rivals Amazon ($773B), Microsoft ($732B) and Alphabet ($719B), which are the second, third and fourth in market cap valuations, respectively.

Apple is once again closing in on becoming the first company to have a market cap of $1 trillion.

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