Warren Buffett says he’s sold apple It’s too fast for the current market, but I would buy more.
“I sold it too soon, but I bought it sooner,” Buffett told CNBC’s Becky Quick in an interview on “Squawk Box” on Tuesday, during which he announced he would be bringing back his famous charity lunches.
apple remains Berkshire Hathaway It was also the conglomerate’s largest holding after trimming its stake to $61.96 billion late last year, according to Insider Score.
But Buffett said Tuesday that he would continue to add to positions if prices were lower. He said the iPhone maker remains unattractive, even though it’s down more than 14% from recent highs and more than 6% this month. This is at a time when the entire market is in turmoil. Dow Jones Industrial Average and Nasdaq Composite With correction.
Apple’s performance from the beginning of the year to date
“I’m very pleased that this is our largest holding,” Buffett said. “It wasn’t satisfying to be as big as almost everything else combined.”
“It’s not impossible for Apple to set the price. We’ll buy it in bulk,” he added. “But that’s not the case in this market.”
Buffett said the company has made more than $100 billion in pre-tax equity profits and commented favorably on having Tim Cook over Steve Jobs to lead the company.
“Tim Cook used his hands better. Steve Jobs couldn’t do what Steve Jobs did, but Steve Jobs gave him hands that Steve wouldn’t have done the same way,” Buffett said.
He added: “Tim was a great manager, a good person and somehow got along with everyone in the world.” “That’s a technique I couldn’t do. For example, my partner Charlie Munger definitely wouldn’t have been able to do it.”
Buffett will step down as Berkshire’s CEO in early 2026 after running the conglomerate for 60 years. He will continue to serve as the company’s chairman.
