Quote:
Originally Posted by JMintzer
Only took him 30 years to change his mind... Well after Apple had far surpassed anyone's expectations...
A bit late to the party, if you ask me...
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I can't see this as a PUTDOWN of Mr. Buffet. It shows that he stuck to his investment principles for 30 years (note he is the world's greatest LONG TERM investor). He merely waited for Apple to get out of the dangerous high growth period for any company and become large and stable and diverse enough to meet his high standards. It is NOT like he was falling into poverty by not investing in Apple for 30 years. I believe his LIFETIME track record speaks for itself.
It also proves that he is FLEXIBLE enough to change to meet new conditions. Also not let his EGO get in the way!
Look at all the anguish that BitCoin investors are going through. Berkshire Hathaway investors can sleep more soundly at night than their counterparts, the cryptocurrency investors (gamblers)!