Warren Buffett sells nearly half of Berkshire’s stake in Apple (9to5mac.com)
from Ghostalmedia@lemmy.world to apple_enthusiast@lemmy.world on 03 Aug 2024 17:11
https://lemmy.world/post/18251033

#apple_enthusiast

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DMBFFF@lemmy.world on 03 Aug 2024 17:35 next collapse

comment from the page (by a Mark Fuller):

People need to remember that the stock is worthless until you sell it.

HubertManne@moist.catsweat.com on 03 Aug 2024 21:34 collapse

not if it pays dividends but that concept went out at the millenium

chuckleslord@lemmy.world on 03 Aug 2024 21:44 collapse

Thinking like that doesn’t make the most precipitous stock market since the roaring 20s. Gotta go bigger till the whole thing collapses!

sunzu@kbin.run on 03 Aug 2024 18:08 next collapse

Is this related to Friday dump?

Daddies taking profits and boomers holding the bags?

homesweethomeMrL@lemmy.world on 03 Aug 2024 18:14 next collapse

It was more than half of their portfolio? Dang.

At one point, Berkshire Hathaway’s stake in AAPL was around half of its entire portfolio.

[deleted] on 03 Aug 2024 19:00 next collapse

.

Beacon@fedia.io on 03 Aug 2024 19:17 next collapse

Where does the article say that?

kevindqc@lemmy.world on 03 Aug 2024 19:22 collapse

At one point, Berkshire Hathaway’s stake in AAPL was around half of its entire portfolio.

HobbitFoot@thelemmy.club on 03 Aug 2024 20:28 collapse

They probably didn’t even plan for it. They just bought it and it kept getting bigger.

finley@lemm.ee on 03 Aug 2024 18:18 next collapse

Something tells me my job search is about to get a lot harder.

Edit: anyone hiring? Pm me!

protist@mander.xyz on 03 Aug 2024 21:42 next collapse

Are you searching for a job at Apple?

finley@lemm.ee on 03 Aug 2024 21:43 collapse

Not really, but I probably wouldn’t turn one down.

Anticorp@lemmy.world on 03 Aug 2024 23:22 next collapse

Why?

Chocrates@lemmy.world on 04 Aug 2024 14:22 collapse

If apple is going to lose value they will probably shed staff. If apple is doing it there is a high likelihood that the entire tech market is going to be in rough shape, as I don’t know of anything apple is doing that is any worse than Google or Microsoft.

So potentially we are about to see a recession, at least in tech.
Fuck me. I started my career in the recession, why do we have to have two?

Anticorp@lemmy.world on 04 Aug 2024 17:14 collapse

Settle down. Microsoft, Google, and Apple are completely different types of companies. Apple is a hardware company, mostly phones and headphones. The other two companies are data, and cloud computing companies. What’s more likely than anything is that Apple’s value grew to be an outsized percentage of BRK’s portfolio and they don’t like the exposure from that, so they are re-diversifying.

Chocrates@lemmy.world on 06 Aug 2024 01:34 collapse

You’re settle down comment is well noted.
I’m just an idiot on my phone, lol

Anticorp@lemmy.world on 06 Aug 2024 03:47 collapse

I could have phrased it better, but I basically just meant that there’s probably no cause for concern. The internet has been panicking over every little development for years now, but the economy just keeps on churning along.

Chocrates@lemmy.world on 07 Aug 2024 03:11 collapse

That’s basically how I took it 😆 I’m pretty self deprecating (thanks depression) so thats just how I talk.

Sixth0795@sh.itjust.works on 04 Aug 2024 16:45 next collapse

Same

Railcar8095@lemm.ee on 04 Aug 2024 18:29 collapse

So… What do you do?

finley@lemm.ee on 04 Aug 2024 19:04 collapse

Sent you a PM 👍

whotookkarl@lemmy.world on 03 Aug 2024 19:56 next collapse

He’s still alive?

UltraMagnus0001@lemmy.world on 04 Aug 2024 13:03 next collapse

Man, I wonder if I should sell my Google stocks

umbrella@lemmy.ml on 04 Aug 2024 15:18 next collapse

which probably means you should too

Ghostalmedia@lemmy.world on 04 Aug 2024 15:34 collapse

Dude has $80B stored in Apple, so I doubt he thinks he’s going to lose money on Apple.

Seems more like he wants cash to invest in companies that have more growth potential.

umbrella@lemmy.ml on 04 Aug 2024 17:18 collapse

and anyone who has investments should keep an eye on where hes going next!

Nuke_the_whales@lemmy.world on 04 Aug 2024 18:46 collapse

This guy really went full pr and people for a while at least bought into his whole “good guy billionaire” act. Even all his charities are just there to funnel money to his kids and family who all run those