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

In the past year, Peloton, manufacturers of stationary exercise bicycles and treadmills, has been experiencing some severe financial difficulties. The company went through a...

News

While the ongoing supply chain problems affecting the global economy have had the expected effects, they’ve also had some decidedly unexpected effects. Specifically, many...

News

As gas prices continue to rise and consumer confidence drops, not to mention the ongoing war in Ukraine, the European economy is taking a...

News

As the environmental need for electric vehicles becomes more pressing, and the car-buying public becomes more eager for them, automotive manufacturers are getting ready...

News

This morning, Coinbase CEO Brian Armstrong sent a mass email out to his company informing everyone that, as stock and crypto prices slip and...

News

As Russia’s invasion of Ukraine continues, many global businesses have pulled their dealings out of Russian territories due to a mix of sanctions and...

News

In the last few weeks, fears have begun to surface of another potential recession striking the United States economy. Economists have been working to...

News

It’s no secret that the highs of the COVID-19 pandemic cost movie theater chain AMC an unprecedented amount of money. As people isolated at...