dailyloe.com – Warren Buffett stated he sold Apple shares prematurely in a CNBC interview on Tuesday. The Berkshire Hathaway chairman expressed regret over the timing of the sale. He clarified he would buy more Apple stock only at a cheaper price.
Buffett made these comments during an appearance on ‘Squawk Box’ with Becky Quick. He used the interview to announce the return of his famous charity lunch. Apple remains Berkshire’s largest holding despite a recent reduction in stake.
Berkshire’s Apple holding was valued at $61.96 billion at year-end 2023. This data comes from the research firm InsiderScore. Buffett confirmed he would add to this position if the stock becomes more attractive.
He noted Apple’s stock is down over 14% from its recent high. It has also fallen more than 6% in the current month. This decline occurs amid a broader market correction affecting major indices.
Buffett expressed great satisfaction with Apple as Berkshire’s top investment. However, he was uncomfortable with its disproportionate size in the portfolio. He reiterated a willingness to buy significantly more at the right price.
“It’s not impossible that Apple would get to a price, we would buy a lot of it,” Buffett said. He immediately qualified this by adding, “But not in this market.” The firm has made over $100 billion pretax on the investment.
Buffett praised Apple CEO Tim Cook’s leadership in the interview. He compared Cook’s managerial success favorably to that of the late Steve Jobs. Buffett highlighted Cook’s exceptional people skills as a key strength.
“Tim Cook has done better with the hand,” Buffett stated regarding the company’s management. He acknowledged Jobs’ unique visionary role that Cook could not replicate. Yet, he argued Cook managed the inherited company exceptionally well.
Buffett described Cook as a fantastic manager and a good person. He noted Cook’s unique ability to get along with everyone globally. Buffett humorously contrasted this with his own and partner Charlie Munger’s styles.
The interview occurred after Buffett stepped down as Berkshire’s CEO in early 2026. He had led the conglomerate for six decades prior to his retirement. His market views continue to draw significant attention from global investors.[]
Source: CNBC
