Quote:
Originally Posted by Boston-Sean
Once I read that Warren Buffet said that technology companies like Apple were risky investments and he didn't understand the business.
Luckily I ignored him or I'd still be working today.
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But he does understand the world of finance.
As far as Apple goes....."Buffett started as an AAPL skeptic, stating that technology was a risky field, and he didn’t understand the business well enough to predict its future potential. He later changed his mind, explaining that he now views the company more like a consumer or fashion brand with a huge amount of brand loyalty. By 2018, he had completely reversed his position, and declared that he’d buy the company outright if he could." Berkshire Hathaway currently owns 5% of Apple's stock.