The title isn't what you think. He did sell Apple, but he didn't do so because he no longer believes in the company. Rather he sold a little to pay taxes now because he is guessing that taxes will be increased in the future. Apple remains one of his most trusted companies.
Here is a video of him addressing the issue. I share this not just because of they question Why did you sell Apple but because of the philosophy he gives in his answer. A really fantastic look into his beliefs and why he invests as he does.
And more than anything, this is why Berkshire Hathaway is among my holdings. It's not a sexy stock, it won't make you a millionaire in a single day like Bitcoin always has the potential to do, but it is a steady gainer and one of the best stocks out there in my opinion.
Like him or hate him, Warren Buffett is a smart guy and is worth following. Yes, he was born with a bit of a silver spoon in his mouth. Not upper class, but his family was quite well-to-do. So that is to say, he was given an advantage that a lot of us never had. But he has also used it smartly and makes very smart moves. There is a good reason why he's one of the richest guys in the world.
I mention that I own shares of Berkshire Hathaway. It's been one of my best holdings. My only worry with it is that Buffett is a pretty old guy. There is a clear succession plan with Greg Abel set to replace him. Abel has been with Berkshire since 1992 and seems to know his stuff as well as have everyone's trust. But still... no one can replace Buffett's unique investment style.
Anyway, I just wanted to share this video for you all. Enjoy!
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David LaSpina is an American photographer and translator lost in Japan, trying to capture the beauty of this country one photo at a time and searching for the perfect haiku. He blogs here and at laspina.org. Write him on Twitter or Mastodon. |