“It it were cheaper we’d be buying it. We aren’t buying it here.”
Three takeaways from Becky Quick’s interview with Warren Buffett on CNBC:
- Breaking news? Apparently neither she, not CNBC’s chyron writers, had heard that it wasn’t Buffett who sold 2.9 million Apple shares last quarter.
- Buffett knows the average cost of his Apple shares down to the dollar (“$141 or something like that”) and sees it as some sort of benchmark.
- He either ducked the question about Apple’s zero-buyback December, or didn’t understand it.
[protected-iframe id=”a5ecce308de39517336cdb2d58c631ed-5450697-130806395″ info=”https://player.cnbc.com/p/gZWlPC/cnbc_global?playertype=synd&byGuid=7000066833″ width=”560″ height=”349″ frameborder=”0″ scrolling=”no”]
My take: Buffett likes to keep things simple. “Apple, I don’t see myself selling. The lower it goes, the better I like it. Obviously.”
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