Warren Buffett explains why Berkshire reduced its big Apple stake
CNBC Television・2 minutes read
Berkshire Hathaway sold a significant number of Apple shares but remains committed to long-term investments in Apple, Coca-Cola, and American Express, viewing them as businesses rather than just stocks. Warren Buffet emphasizes the importance of treating investments as businesses and highlights Berkshire's contributions to federal taxes, advocating for substantial taxes on gains.
Insights
- Warren Buffet emphasizes viewing investments in Apple, Coca-Cola, and American Express as businesses rather than mere stocks, underlining the significance of a long-term and strategic approach to investing.
- Berkshire Hathaway's willingness to pay a 21% federal tax rate on gains from Apple, along with Buffet's advocacy for substantial federal income taxes, showcases a commitment to contributing to society and hints at potential future tax rate increases.
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Recent questions
What did Berkshire Hathaway sell in the last quarter?
Apple shares
How does Warren Buffet view investments?
As businesses
What federal tax rate does Berkshire Hathaway pay on Apple gains?
21%
How much has Berkshire Hathaway contributed to the US federal government?
Over $5 billion
What is Warren Buffet's approach to long-term investments?
Holding Apple, American Express, and Coca-Cola
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