That you AppIt's no secret that Facebook has been doing exceptionally well in recent months. A great example of this is its extreme market value on the stock exchange, which currently hovers around $2,39 trillion, which is by far the highest value of any technology company. For example, such Amazon is worth "only" 1,88 trillion dollars, Google 1,70 trillion dollars and Microsoft $2,08 trillion. A few stumbles, however Apple after all, he has recently contributed, which has led even the biggest investors who have relied on him for many years to have certain doubts. However, this now turns out to be a big mistake.
Legendary investor Warren Buffett, who heads the investment company Berkshire Hathaway, which is one of the largest shareholders, now has to swallow the bitter pill in the form of a big mistake. Applu. Although Buffett, according to his own words, AppHe trusts Lu very much and has personal ties to him thanks to his friendship with his boss Tim. Cookem, decided to sell nearly 10 million of its shares at the end of last year due to concerns that the value of the Californian giant would decline. Due to the coronavirus pandemic, it was with the availability Apple products as if on a swing, and no one knew how the world would react to their purchases due to a total change in thinking and view of money. Moreover, their innovations and improvements did not seem like something that should make millions of Apple users spend their money. Nevertheless, it happened and Apple scored again with its products, which shot its value to the heights again.
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The result of Buffett's blunder cannot seem anything other than absolutely terrifying to ordinary mortals. If he had not sold his shares, or had sold them now, his company would have been $18 billion richer. That's exactly how nearly 10 million shares Applu from their sale to the present day. It is quite interesting that Buffett himself admitted his mistake, saying that one of the vice presidents of Berkshire Hathaway even warned him about it, but obviously without success. However, one learns from mistakes.
na apple he didn't earn, maybe he earned twice somewhere else..
I'll just postpone the prediction from the World Cup until the end of the year Apple and will become the most valuable technology company.
It doesn't sit well with me, would he earn $10 billion on 18 million shares? $1800 on one share? That's hard to do with a share price of around $100. Moreover, the shares Applu in November 2020 were on the local miniit was 108 USD, now it's 145 USD.
"Buffett's Berkshire Hathaway conglomerate spent $36 billion between 2016 and mid-2018 to amass the equivalent of 1 billion Apple shares,” So he bought a billion shares, not 10 million….
And where does the article say that he bought 10 million? It says that he sold 10 million.