Warren Buffett is known as one of the greatest investors ever. As the CEO of Berkshire Hathaway, he has a long and successful track record of allocating capital. 

One of the conglomerate's most successful investments has been (NASDAQ: AAPL), which it first purchased sometime in the first quarter of 2016. Since the start of that year to Oct. 27, 2023, the top FAANG stock has skyrocketed 540%, a gain that crushed the 153% rise of the Nasdaq Composite during that time. 

But with a current market cap of $2.7 trillion and a trailing price-to-earnings ratio of 28.3, why does Buffett still own Apple shares? I think there are four likely reasons.

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Source Fool.com