Buffett buys more Apple, says iPhone is enormously underpriced

Adjust Comment Print

Buffett also said investors are better off owning a basket of stocks than 30-year bonds and other fixed-income securities as a strong USA economy bolsters corporate profits despite higher costs from tariffs, which have also affected Berkshire.

Buffett also said investors are better off owning a basket of stocks than long-term bonds as a strong USA economy bolsters corporate profits, despite higher costs from tariffs.

When asked whether he'd support Apple buying Tesla, Buffett offered his support but was skeptical.

More news: Biden laments Senate's division in eulogy for McCain

"Business is good across the board", he added. (DAL.N) and Southwest Airlines Co.

Using historical price data for Berkshire Hathaway class A shares from a retrospective analysis of Buffett's outsize returns and Yahoo Finance, we calculated how much $1,000 of Berkshire stock would be worth today if you had invested that money at the end of each year of Buffett's tenure.

Berkshire's old policy forbade buybacks unless the price exceeded 1.2 times book value per share.

More news: No. 1 Alabama looks like same old Tide in romp over Louisville

Buffett reiterated his view that stocks are the best long-term investment during an interview on CNBC Thursday. When asked whether he'd support Apple purchasing Musk's electric-car manufacturer, Buffett stated: "I'd support whatever Tim Cook does, but I think it'd be a very poor idea to get in the auto business".

Buffett said Apple can not now increase the price of the iPhone due to competition in the market.

The chairman and CEO of Berkshire Hathaway, who turned 88 Thursday, joined CNBC from the Smith & Wollensky steakhouse in Contemporary York, the put he used to be to possess lunch with the winning bidder of the annual Cruise charity auction.

More news: Packers: Khalil Mack reportedly being traded to rival Bears

At the restaurant, Buffett held court for hours, over a meal that typically includes his signature Cherry Coke and a $59 Colorado rib eye steak.

Comments