Warren Buffett explains Why He Sold Apple Stock | Berkshire Hathaway 2024

August 16, 2024Apple

In this insightful discussion, Warren Buffett addresses the recent sale of 115 million Apple shares by Berkshire Hathaway, explaining the rationale behind the move and reaffirming Apple’s position as a core holding. Buffett delves into Berkshire’s investment philosophy, emphasizing the importance of viewing stocks like Apple, Coca-Cola, and American Express as long-term business investments. He also touches on the inevitability of higher taxes due to current fiscal policies and Berkshire’s willingness to pay its fair share. Don’t miss this in-depth look at Buffett’s timeless wisdom on investing and fiscal responsibility.

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► Video Transcript & YAPSS Takeaway:
https://www.yapss.com/blogs/collection-berkshire-hathaway/warren-buffett-explains-why-he-sold-apple-stock-berkshire-hathaway-2024
This speech is given by Warren Buffett at Berkshire Hathaway Annual General Meeting on May 4, 2024.
► Full Video: https://buffett.cnbc.com/2024-berkshire-hathaway-annual-meeting/

☆Who is Warren Buffett (The Oracle of Omaha)?☆
Warren E. Buffett is one of the most successful investors in the world and the chairman & CEO of Berkshire Hathaway, who has a net worth of over 100 billion dollars. Warren Buffett’s Berkshire Hathaway has posted average annual returns of 17.1% since 1985, well ahead of the broader stock market’s 10.5% including dividends. If you’d invested $10,000 in Berkshire Hathaway at the start of 1985 you’d now have $2.4 million; the same principal in the S&P 500 would now be worth about $227,000.

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