Warren Buffett Bought 3.9 Million More Apple, Inc. Shares Last Quarter
Warren Buffett is famously averse to investing in tech companies, in part because technology advances so quickly that the competitive landscape can shift quickly. Earlier this year, the Oracle of Omaha conceded that he was "too dumb" and missed the boat on Amazon.com, and that it was also a mistake to have never bought shares of Alphabet.
Buffett started dipping his toes into tech way back in 2011, when he first invested Berkshire Hathaway's (NYSE: BRK-A) (NYSE: BRK-B) money in IBM (NYSE: IBM). It would take another five years before the famed investor would initiate a position in Apple (NASDAQ: AAPL). To date, these are the only two tech stocks that Berkshire owns. However, IBM seems to have fallen out of Buffett's favor in recent years, while Apple appears ascendant.
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Source: Fool.com
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