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Published: Wed, May 09, 2018
Economy | By Melissa Porter

Why Warren Buffett Loves Apple Stock

Why Warren Buffett Loves Apple Stock

Yet Charlie Munger, Buffett's longtime business partner and a Berkshire vice chairman, suggested that Democrats could take over Congress after November's elections and push for a national healthcare system financed by a single payer. The cheaper the stock is the more they will get for their money.

Buffett said their promotions have been "very, very good" for the company.

Also speaking on CNBC's early morning talk show Squawk Box was Microsoft co-founder Bill gates, who agreed with Buffett on the value of Apple's stock.

The other rejected measure would have encouraged more Berkshire subsidiaries to produce sustainability reports. "It is a better idea than spending that money on other companies which have the disadvantage of not being Apple." in company's annual meeting held in Omaha city in the USA state of Nebraska.

Berkshire Hathaway is off.09% on the year.

Buffett is the most legendary of all investors, with a rabid following that track his every move in hopes of duplicating the investing success that he has enjoyed over the years.

Buffett says cryptocurrencies like bitcoin are nonproductive assets similar to gold.

Buffett says the bank didn't act quickly enough when executives learned of the problem.

After the US-based company, Apple released their earnings report, shares of the company saw a significant boost and when the legendary investor Warren Buffett revealed that Berkshire Hathaway picked up nearly 75 million shares of Apple during the March quarter. It is precisely for this reason that Buffett announced that it would still invest in AAPL titles: "We really like the business of their company". Buffett said he still spends most of his time reading about businesses, thinking and fielding the occasional phone call.

At the annual meeting with Berkshire Hathaway shareholders, Buffett praised Apple for its "extremely sticky products, able to connect customers to its ecosystem".

Berkshire shareholders can celebrate the fact that most of the companies 90-odd businesses are performing well as the economy continues growing, but the conglomerate's future is always in the back of their minds because Buffett is 87.

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