No, Warren Buffett isn’t buying—or selling—Apple right now. Here’s why (video)
February 25, 2019 by Steven M. Peters
“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.
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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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