Warren Buffett Sells Apple

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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!

❦

Hi there! 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.
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I just noticed that you have delegated additional HivePower to @hive-ja. Thanks again for your support😀
We have recently changed our strategy a bit and encourage Japanese users to try PeakD's Snaps. I don't know if it will work, but I have a few people who have resumed posting and a few new members.

That's great that you own shares of Berkshire Hathaway! I own very few international stocks; I have a tiny bit of CoinBase stock, which has finally made some unrealized gains recently😅

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I own a little bit of everything. Some on the Japanese market and some on the US market, mainly split between those two. But my stock holdings are only about 20% of what I own—all else is in crypto. I really need to adjust that percentage and play it a little more safe...

Yeah I have read your posts about trying Snaps. I think it's a great idea. You are doing a wonderful job with the group!

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Interesting move, I do hope they come out with some cool and innovative stuff soon. I guess selling some to pay taxes is as a good a reason as any...

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With Tim Cook at the head, I don't think we will see anything innovative anytime soon. Numbers guys like him are great at managing a company once it is going well, but they rarely give us anything new to be excited about.

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I agree, number guys never really see the big picture. It's all about profits and the company suffers until an innovator is put in his place.

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Isn't BH stock the one that is something like five or six figures per share? I'd love to hold some of that. I guess it's possible I do in some of my mutual funds. It's funny how the news tries to portray him selling as such a big deal. I had already planned on holding mine anyway.

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Well there are two of them. BRK.A and BRK.B. Same thing, but the first includes voting rights. Since normal folks like us are never going to be able to buy enough for those voting rights to make a difference, B is usually the one people buy. A is something like $700 a share, and B around $400. Expensive, but of course you can buy fractional amounts of either.

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Ah yeah, it's BRK.A. Clocking in over $700K per share. Yikes!

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Hello dbooster!

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