Connect with us

Hi, what are you looking for?

Stocks

Warren Buffett’s Views On Apple

With Apple’s recent turmoil in the stock market, investors are sitting on both sides of the fence; bullish and bearish. In order to evaluate if Apple has now become a bargain or was merely overpriced to begin with, we will take a look at the recent sentiments of one of the most prominent investors in Apple, Warren Buffett.

Given that Berkshire Hathaway lost several billion on its stake in Apple in just a few months, one would expect Mr. Buffett to be vocal about it. While he hasn’t spoken publicly on his views on Apple since the plunge, one only needs to look into his recent interview with CNBC in May 2018 to know exactly how he feels about the event. During the interview, Buffett stated that nobody buys a farm based on whether or not it’s going to rain next year, you buy it because you think it’s a good investment over 10 to 20 years.

One can only speculate that perhaps the reason why he has been silent on the issue is that he thinks that the recent plunge is nothing more than an afternoon drizzle rather than a thunderstorm. Given that Buffett is right most of the time when it comes to investing, investors should take his advice seriously and not dismiss it in favor of short-term inclinations.

You May Also Like

News

Peloton, known for their stationary exercise bikes and treadmills, has faced significant financial challenges over the past year. The company experienced a surge in...

News

Amid the ongoing global supply chain challenges, many retailers in the United States are grappling with surplus seasonal stock, leading to increased storage costs...

News

With the continuous increase in gas prices, a decrease in consumer confidence, and the ongoing conflict in Ukraine, the European economy faces significant challenges....

News

As the demand for electric vehicles grows and the push for environmental sustainability increases, automakers are gearing up to focus more on the development...

News

Today, Brian Armstrong, the CEO of Coinbase, conveyed to his team through a company-wide email that due to declining stock and crypto values and...

News

Recently, Peiter “Mudge” Zatko, a former cybersecurity specialist at Twitter, published a whistleblowing document on the platform. Zatko highlighted several security issues with Twitter,...

News

Zelle is a popular peer-to-peer payment service that allows individuals to send and receive money, similar to apps like Venmo. It is widely used,...

News

Recently, after Chinese President Xi Jinping secured a third term, there was a sharp decline in the stock market in Hong Kong. Investors became...