Warren Buffett sells nearly half of Berkshire’s stake in Apple : apple

[-] finley@lemm.ee 55 points 11 months ago* (last edited 5 months ago)

[removed by mod]

[-] Anticorp@lemmy.world 5 points 11 months ago

Why?

[-] Chocrates@lemmy.world 12 points 11 months ago

If apple is going to lose value they will probably shed staff. If apple is doing it there is a high likelihood that the entire tech market is going to be in rough shape, as I don't know of anything apple is doing that is any worse than Google or Microsoft.

So potentially we are about to see a recession, at least in tech.
Fuck me. I started my career in the recession, why do we have to have two?

[-] Anticorp@lemmy.world 4 points 11 months ago

Settle down. Microsoft, Google, and Apple are completely different types of companies. Apple is a hardware company, mostly phones and headphones. The other two companies are data, and cloud computing companies. What's more likely than anything is that Apple's value grew to be an outsized percentage of BRK's portfolio and they don't like the exposure from that, so they are re-diversifying.

[-] Chocrates@lemmy.world 2 points 11 months ago

You're settle down comment is well noted.
I'm just an idiot on my phone, lol

[-] Anticorp@lemmy.world 1 points 11 months ago

I could have phrased it better, but I basically just meant that there's probably no cause for concern. The internet has been panicking over every little development for years now, but the economy just keeps on churning along.

[-] Chocrates@lemmy.world 2 points 11 months ago

That's basically how I took it 😆 I'm pretty self deprecating (thanks depression) so thats just how I talk.

[-] protist@mander.xyz 5 points 11 months ago

Are you searching for a job at Apple?

[-] Railcar8095@lemm.ee 3 points 11 months ago

So... What do you do?

[-] DMBFFF@lemmy.world 44 points 11 months ago* (last edited 11 months ago)

comment from the page (by a Mark Fuller):

People need to remember that the stock is worthless until you sell it.

[-] HubertManne@moist.catsweat.com 17 points 11 months ago

not if it pays dividends but that concept went out at the millenium

[-] homesweethomeMrL@lemmy.world 31 points 11 months ago* (last edited 11 months ago)

It was more than half of their portfolio? Dang.

At one point, Berkshire Hathaway’s stake in AAPL was around half of its entire portfolio.

[-] HobbitFoot@thelemmy.club 24 points 11 months ago

They probably didn't even plan for it. They just bought it and it kept getting bigger.

[-] Beacon@fedia.io 3 points 11 months ago* (last edited 11 months ago)

Where does the article say that?

[-] kevindqc@lemmy.world 21 points 11 months ago

At one point, Berkshire Hathaway’s stake in AAPL was around half of its entire portfolio.

[-] whotookkarl@lemmy.world 21 points 11 months ago

He's still alive?

[+] umbrella@lemmy.ml 3 points 11 months ago* (last edited 1 month ago)

[deleted]

[-] Ghostalmedia@lemmy.world 8 points 11 months ago

Dude has $80B stored in Apple, so I doubt he thinks he’s going to lose money on Apple.

Seems more like he wants cash to invest in companies that have more growth potential.

[-] UltraMagnus0001@lemmy.world 2 points 11 months ago

Man, I wonder if I should sell my Google stocks

Apple

Welcome

Rules:

Communities of Interest: