Legendary investor Warren Buffet says Berkshire Hathaway exited a key technology stock too early after posting huge gains. He provides detailed plans on when the company plans to reacquire the asset.
In a new interview with CNBC Television, the billionaire says say that he sold the shares of tech giant Apple (AAPL) too early, although he doesn’t necessarily regret his decision as it netted his company a staggering $100 billion in profits.
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“I sold [Apple] too fast. But I bought it before. I think we made over $100 billion under that pretext. I can’t predict what the stock will do next week or next month.
“I’ll buy them when they’re cheap, I’ll buy a lot of them when they’re cheap and I think I understand the business, and Apple is still our biggest investment… It’s better than any company we own.”
Buffet goes on to say that Berkshire Hathaway, which has more than $373 billion in cash, cash on hand – could buy more AAPL if the price is right.
“I’m very happy that this is our largest holding. I wasn’t happy about it being as big as almost everything else put together… It’s not impossible that Apple would reach a price point where we would buy a lot of it. But not in this market, it’s just not going to happen in this market.”
In 2024, Buffet sold 67% of the company’s stake in AAPL, and will continue to sell shares over the next year and into early 2026. According to previous reports, AAPL makes up 22.6% of Berkshire Hathaway’s portfolio.
AAPL is valued at $255.92 at the time of writing.
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