Warren Buffett on Apple stake: Apple is a better business than any other we own
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- เผยแพร่เมื่อ 2 ต.ค. 2024
- Berkshire Hathaway Chairman and CEO Warren Buffett and Vice Chairman Charlie Munger preside over the 2023 Berkshire Hathaway annual meeting. The two discuss Apple's weight in Berkshire Hathaway's portfolio. For access to live and exclusive video from CNBC subscribe to CNBC PRO: cnb.cx/2NGeIvi
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I sometimes use my ETFs to buy dividend and growth stocks for diversification instead of reinvesting in the same place. To each their own methods though. The good thing is that you’re investing in the first place and that’s what’s important. Salute for the content!
The current market might create short-term opportunities to maximize profit, but in order to execute such strategy , you must be a skilled practitioner
Or better yet, have one.. For several years, I've been in touch with a coach, mostly because I lack the depth of understanding and mental toughness to deal with the ongoing market conditions. You lack the information necessary to succeed in a competitive market, not because you're doing anything wrong, but rather because of your lack of experience.
That does make a lot of sense, I'd love to sit back and have someone who has the Market figured out guide my decisions. Who is this consultant?
Sonya Lee Mitchell is the CFA I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I searched and found her page, emailed and made an appointment to talk with her. Hopefully, she gets back to me.
I love how Charlie is just chilling and starts eating his peanut brittle..lol
Right?? I'm buying stock of that peanut brittle company
You mean like a squirrel right
Roughly £120k in my portfolio are in tech/TSLA stocks, can I get an advice on any other stocks that I can acquire to diversify my reserve across multiple markets while creating a comprehensive portfolio allocation that balances my concerns of risk aversion and returns that meet yearly inflation.
Concentrate on two main objectives. First, keep yourself safe by knowing when to sell stocks in order to limit losses and maximize gains. Second, get ready to benefit from market changes. I advise consulting a Financial advisor or other professional for advice.
I have been in touch with a CFP ever since the outbreak. With an initial starting reserve of $80k, my adviser chooses the entry and exit commands for my portfolio, which has grown to approximately $350k.
My portfolio has been stagnant since the 2019. I wouldn't mind consulting the advisor who guides you, I really want to grow my retirement fund since I could retire in 3 years.
I started out with an FA named *Sharon Louise Count* Her honest approach gives me complete ownership and control over my position, and her rates are incredibly affordable given my ROI.
Thanks, I just googled her name and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a call.
Charlie is the grandpa you’d want to have.
Warren immediately makes the point that I was thinking about too, Apple is not 35% of Berkshire's portfolio. So many ppl forget that Berkshire has hundreds of billions of dollars in value from wholly owned businesses like BNSF, Geico, Sees Candy, Duracell, Dairy Queen, etc.
Most ppl only see the publically traded companies and forget all the privately owned businesses that are also part of Berkshire's portfolio.
The comment by the prof was misinterpreted. He meant 35% of the stock portfolio….even so Apple is 8 % approx of Brk assets…that’s a lot.
@@jamesm.3967
Berkshire is not a private individual investor. It is a business and at a scale far beyond a standard investor.
Warren could easily lift the phone and speak to Tim Cook which is not an option for a standard investor.
Berkshire could lose all of its apple shares and still make that money back through its standard business which is not an option for an individual investor.
@@jamesm.3967 I bet Apple only accounts for about 6% of Berkshire's total worth. If all the Subsidiaries were sold off they would collectively be worth far more than Berkshire's current market cap!! Having said that Berkshire not only own Apple stock directly but indirectly too by virtue of holding 2 Tracker ETFs and Markel's portfolio includes another 1 million shares!!
@@bighands69 Being a 6% investor Berkshire has a big say in that company's policy too - something an investor owning 100 shares wont have.
As Warren alluded to BNSF is worth more than their stake in Apple, collectively the Insurance business(es) are worth more than Berkshire's Apple's stake and, although not there yet - BH Energy is growing its assets at a tremendous rate. At the last look Apple made up almost 50% of Berkshire's stock portfolio but it does power the gains tremendously.
WB is a brilliant investor. The most brilliant of our time. Even he makes mistakes. He said "selling those shares of apple was dumb." So even he has regrets as an investor. It's kind of refreshing to know that the big dogs make mistakes too. We always tend to think they're perfect because they're so well off.
I started investing in the stock market because of dividends. What matters, in my opinion, is that if you invest and earn more money in addition to dividends, you will be able to live off of dividends without selling. It implies that you can pass that on to your children, giving them a head start in life. I've invested over $600k in dividend stocks over the years; I continue to buy more today and will continue to do so until the price lowers even further.
It's always inspiring to hear from a veteran investor who has weathered the storm and come out on top. When your portfolio turns from green to red, it might be unsettling, but if you have invested in great companies, you should just keep adding to them and stick with your plan.
I wholeheartedly concur, which is why I appreciate giving an investment coach the power of decision-making. Given their specialized expertise and education, as well as the fact that each and every one of their skills is centered on harnessing risk for its asymmetrical potential and controlling it as a buffer against certain unfavorable developments, it is practically impossible for them to underperform. I have made over 1.5 million dollars working with an investment coach for more than two years.
Impressive, that sounds good but how do I reach out to your ad_visor?
The adviser I'm in touch with is 'Helene Claire Johnson', he works with Merrill, Pierce, Smith incorporated and interviewed on CNBC Television. You can use something else. for me his strategy works hence my result. he provides entry and exit point for the securities I focus on.
Definitely gonna check her out. I live in Swit_zerland. Any idea if it's still okay to re_ach out?
Charlie Is so funny when he gets straight to the point.
Yeah he has a good sense of humor
Charlie is correct most people don’t know the limitations of their knowledge.
If you’re not smart enough to know a good business from a bad business you shouldn’t be buying individual common stock.
Working with a financial expert could truly set you up for life. I'm delighted I was able to contact my coach Karim .E. Karim earlier this year because while others were busy whining about the downturn I was busy cashing out finally making over 370k only for the first quarter of the year.
Thank you for sharing your success story. I immediately typed in your coach's name to discover him on Google. He's simple to deal with, and his signals are excellent as well.
@@lynnpeterson3763 Working alongside Karim .E. Karim has taught me that quitting bad habits, such as procrastination, distractions, and doubts, would significantly increase your capacity to accomplish your life's objectives and accumulate savings for investments.
@@peterstilwell7953 Although there are plenty of chances on the financial markets, I've learnt enough over the previous few years to be skeptical of that. Knowing where to focus is crucial. I admire you, Karim .E. Karim.
@@CatalinaTaylor-gt5jx Yes, he is amazing. Because of the stock and bond investments he showed us how to make, we are currently making more money than ever. I'm content with my $30,000 portfolio as it stands right now. My bank account had $4,000 when I started this journey. I was able to save time for my family and the future because I made the right investments at the right time. Regards, Karim .E. Karim
hey Julio , was your financial expert your mom in the shower ? that was that the event that turned you into a greedyMF?
It's feels so good to know that people like you is still out there to help in difficult times and you've been of great help to me in my time of need. I can't thank you enough Mrs. Elena, but I will never stop praying to God for his blessings upon you.
I will forever be indebted to you Mrs. Elena. You have changed my entire life. I will continue to preach your name for the world to hear. You saved me from huge financial debt with the little I had. Thank you Mrs. Elena.
Wow, I'm just shocked someone mentioned Mrs Elena the expert, I thought I was the only one who dealt with her. She helped me recover what I lost trying to trade on my own.
She's really amazing with her skills. She changed my wallet from 0.5btc to 5.1btc.
I think I'm lucky because otherwise I wouldn't have met someone as spectacular as Mrs. Elena, I just hit $352,000 today. I'm really grateful for all the knowledge and nuggets you had thrown my way over the past few months of trading with you. Thank you Mrs. Elena, God bless you so much.
Getting in touch with financial advisor like Mrs. Elena who can assist you with your portfolio, would be a very creative option. Personal financial management will crucial to navigating the next difficult times.
Apple is by far the best stock an investor can own, change my mind!
BRK
I'd say Microsoft or Costco Wholesale are just as good if not better , Costco has a higher yield (although both are quite low initial yeild ) has special dividends once every few years and the price is less volatile it's very steady growth and they are continuing to expand internationally. Microsoft has the Azure cloud and windows and office 365 which is essential for any laptop /pc device not called a MacBook/chrome book. Their dividend yield is higher and dividend increase is better. The growth of both Costco and Microsoft are also solid.
I really feel left aside hearing and seeing several testimonies from people on profits they make from Bitcoin/Forex Investment.. Can someone recommend a good expert that trade on my behalf and generate profit for me.
I think I'm blessed because if not I wouldn't have met someone who is as spectacular as expert like Mrs Letton Deb. She helped me recover what i lost trying to trade for myself
Who is this Mrs Letton Deb everyone is talking about and how do i contact her directly?
@Kimberly Mares That shouldn't be a regret.
@Kimberly Mares Started up trading less than 40mins i chatted her up.
Thanks for the recommendation guys. I will be looking forward to earn from my first Investment with her.
My favorite part of the video is Charlie smacking on whatever he’s eating. Love how chill these guys are.
Does Charlie Munger ever stop eating?
Charlie is 99 years old - so amazing!
There might be an economical turmoil but there is no doubt that this is still the best time to invest.
Best time to invest? thats funny though because in the last four months I have lost more than $47,900 in stock market which is the biggest I have loss since I ventured into stock investment.
you could be right or wrong . i once had similar problem but now its a different ball game for me because I was lucky to have met *KATRINA VANRENSUM*
I just added $240,000 to my portfolio
Really? people are cashing in from the stock market and frankly speaking its comforting seeing someone admit to the fact that they actually seek help from professionals. please how can i reach KATRINA VANRENSUM ?
Search her name on the web you will see all you need to know about her.
I am going to miss listening to these two guys... They are the best
My spouse and I are adding a variety of stocks/ETF to my present holdings for the long term, We've set aside $250k to start following inflation-indexed bonds and stocks of companies with solid cash flows, I believe it is a good time to capitalize on the market for long-term gains, but it wouldn't hurt to know means of actualizing short term profit
The stock market is a way to hedge against inflation. Most notably amidst recession, investors need to understand where and how to allocate funds to hedge against inflation and still make profits.
I agree, having a brokerage advisor for inveesting is genius! Not long ago amidst the pandemic crash in March 2020, I was really having inveesting nightmare prior touching base with a advisor. In a nutshell, i've accrued over $550k with the help of my advisor from an initial $120k investment thus far.
That's true, I've been getting assisted by a FA for almost a year now, I started out with less than $200K and I'm just $19,000 short of half a million profit.
Mind sharing info on the adviser who assisted you? been saving for pension since age 18 - company scheme. along the way I hit higher tax, so I added to my company pension with a SIPP (tax benefits) I'm 46 now and would love to grow my finance more aggressively, there are a few cars I still wish to drive, a few mega holidays, etc.
@@vuhoahua The advisor that guides me is DEBORAH DIVITO WELCH most likely the internet is where to find her basic info, just search her name. She's established
I love it. One man keeps talking, the other keeps munching away his snack.
Charlie smacking in the mic is so funny to me
Since Charlie is a billionaire now, he should spring for a napkin instead of using the back of his hand ✋…
That’s why he is a billionaire 🙂. Broke people buy expensive napkins lol
Sounds inefficient
@@tomdrummy4984 you conflated the issue to make a strawman
It is what you do not see that counts. Under the table charlie has employed a team of cleaners that wipe his hands.
He also gets leg massages to ensure he does not get sleepy legs when he sits down too long.
The man eating into the mic was a nice touch
I agree with Warren. Apple is 40% of my portfolio as well.
I was wondering if it was time to sell my Apple shares but after listening to these comments from Warren I'll hold on for a few more years! 👍
You have to look at what apple is to really decide if it is worth holding or not. It has a very high return on capital, low debts, cash on hand, free cash flow with products and services that people use.
@@bighands69 Apple is great company and I'm invested but you are wrong to say it has low debt, on the contrary it's long term debt to equity ratio is 1.56.
For ever dollar of equity it carries $1.56 dollar's of debt, that's a high level of debt in my book but fortunately they can carry that debt because they are hugely profitable with a extremely strong brand!
They really need to get Statler and Waldorf to sit in for these guys sometime, or at least give the intro.
I love Mr. Munger! Lol! Such wisdom between these two gentlemen! 😊
He is largely a Chinese shill at this point. His cokebottle glasses have allowed him to gloss over slave labor being used by China to make Apple products, the concentration camp environment and systematic destruction of the Wiguer population in China, the tyranny of their political system, the fact people are often disappeared for months at a time. Only Recenly Jack Ma was seen in Japan working as a university professor ??? I'm sure China re educated him to the point where he has PTSD now. The fact China wants to militarily invade and conquor the Democratic Soveriegn nation of Taiwan. Munger and Warren will both take massive losses if war breaks out between China and Taiwan.
A Female with a logical and analytical mind is the best kind of mate. Come over to my house.
Interesting. Warren includes the cash reserves as part of the overall portfolio. Never thought of including cash as part of my portfolio.
Berkshire Hathaway portfolio is not the same as an individual investors portfolio.
What was Munger’s comment in the beginning? Couldn’t catch it.
Why doesn’t Warren have the same concern about Apple he has about TSMC? Apple products are manufactured in China.
Yes but Apple has extraordinary relationship with China. Taiwan not.
Apple has a position with consumers and if they would have to they would sell there second car before getting rid of these apple phone
Apple is not manufactured in China it is assembled in China which is not the same thing. Apple uses components that come from several different manufacturing sectors.
The screens are made in a completely different sector to that of the processors, memory, analogs and so on.
Apple has massive challenges ahead of its self to try and change its assembly reliance on the Chinese market place.
"De-Worsification" Haha, I love it.
Jim Cramer just said something similar, be wary of the early birds telling you a windy story. Due your own dd.
One underrated aspect of the Berkshire Annual Meeting I appreciate is the baseline level of respect for the hard earned wisdom of elders in a society that basically worships youth to its detriment.
Damodar is the joke
Some people are going to buy Apple some are going to buy it's stock
Man loves his peanut brittle
"A lot of people who are geniuses on IQ tests, think they're a lot smarter than what they are. And what they are is dangerous." - Charlie Munger
That was brilliant phrasing.
Reminds me of Bill Gates
I agree with Charlie on not being diversified. I only have 3 stocks. Apple, Meta and Tesla. Up 30% this year Just hold long term
Why Tesla may I ask? It wasn't even profitable three years ago, and the EV market has yet to mature.
@Ev $ It has but you simply cannot predict the economics of Tesla in a decade, owing to the fact that the EV market is very young. Who's to say electric vehicles won't just become another commodity and the margins shrink drastically?
i own everything
🔮🔮🔮🔮🔮🔮🔮🔮🔮
Apple is a brilliant business. I love their products and I wish I could have more. But there is a very big difference between liking the business and liking the price at which it is selling at. For me, the brand power that Apple has generated has translated to this cult amongst retail and institutional investors where the belief is that you can buy Apple at any price.
I’m not convinced at paying growth stock like prices for a company that had a yoy revenue decline and may only grow at a very stable rate in future. I would love to own more of the stock, but 170 at a PE of 29 feels way too rich.
Agree, if it were to drop below 140 in a crisis of some sort I'll be buying much much more!
Depends on how successful the transition to subscription/sass software will be, also they should enter the cloud market.
I think the same way
How do you know that apple is selling at too high a price?
Apple has a return on capital that is in excess of 30%, holds no debts, has 60 billion cash on hand, 100 billion free cash flow for 2022 and makes the majority of its money through very high margin processes.
So what do you think makes them too expensive?
You should read their balance sheet: 100b in debt
He'll get rid of Apple the moment it fails to offer value. Might be this year, Cook's had a 1% Berkshire disposal warning shot across the bows.
I think the car example isn't fair most people would give up their iphone for an Android in exchange of a car, I get that's not his point
Charlie keeps SEES CANDY sock high with his appetite for peanut brittle. Always washed down with a Diet Coke.
Questions are already known and host possibly intentionally lied 35 percent of Berkshire investment with AApl.
Apple rips people off
Nope. People get exactly what they want and are willing to pay for it. Same with the other products from other manufacturers.
People don't purchase Apple products for purposes of charity. They clearly derive utility from them.
Bruh, ain’t Charlie munger like 100 years old now?
Close. He'll be 100 on January 1st.
He just passed away today :(
what the hell is happening with caption ? ridiculously wrong & charlie & warren voice is now hard to understand
Real American Businessmen, got to love it!
So he DOES value companies that value diversity, eh? Hypocrite much?
i have to watch this viedeo 2 times coz at 1st time i just watched chilled charlie eating peanuts
Keep it up 💪, American citizen ready for pay to trillion of dollars debt 🎉
you don't understand anything.
@@BusinessWolf1 okay, American thinks is, world is under edge,
@@kawanljeetchoudhary348
So you think American citizens are going to pay trillions of dollars of debt to it self. US debt is not the same as a loan promissory debt it is a finance exercise that allows US government to and economy to function. It is a by product of an extraordinary asset base.
The Oracle has lost his marbles BNSF GEICO and Occidental are far better business, his views are skewed to support the idea of overpriced phones over real business is delusional. The other business are not as speculative and defensive, overpriced phones are not. Consumer has little or no disposable income, these two should retire. Buyer Beware!
Apple does not make all its money from selling phones. It makes its money from building its own marketplace that provides services.
Apple is more akin to a train network, telecoms company or tv station. The key difference is that apple owns its market place from top to bottom and does this all with very low capital costs and very high capital returns.
Most people that buy an apple phone keep it for several years and it is the business that they do on the phone that generates very low cost high margins for apple.
It has taken apple a good 20 years to build its market place and its moat is enormous, deep and very rough for passing competitors.
None of the other device manufacturers have that market place, google with android has the software end of the game but cannot get to apples level with just that.
He's right. People - are OWNED by their phones. Owned.
Buffett said he doesn't know future but ask him predictions ?
boy, boy
Dreadful products selling to a cult with an excessive profit margin. Upgrading off iPhone is the best decision you can ever make
The iphone is decent and gets a weird amount of hate
Yes the new versions are scams but just dont buy them
The current crop of iPhones are complete junk.
This guy eat more peanuts than he talks
🔴🐼
What 's the other old man chewing ?
Would you think I can invest ,
We have to listen to iphone users
For the first time Warren looked old
derail 2035 EV da boss said so. john Gotti
Fitness problems
It was in Grade-8
I trust ya, fellas. Appreciate your efforts 🫡
I love you guys ♥️
TSLA is better
Real OGs
Hi there
My father only got me a phone called Kechaoda worth INR 800...
There is a reason these 2 are alive
One of them isn’t
apple has been 80% of my portfolio since 1856. as you can imagine, it's paid dividends
hello
$$$🍏
I won’t be buying any apple products which are overpriced and impossible to repair yourself.
But they last and they do work for the average person every day.
@@bighands69if they were more repairable they would last even longer
TWO SMARTEST MEN IN THE WORLD.
It's so rich for Munger to talk about how it's dangerous for people to think they are smarter than they are and how they should know the limits of themselves while he designs prison dormitories for university students and has no formal background in architecture or construction.
Charlie formal background has been earned through 70 years of development and design experience.
Charlie just did not get up one morning and decide to design buildings he has been involved in design for longer than most people have been alive.
Charlie sir invest in India's PLI scheme... My India has a big heart... I have never owned a iphone sir...
In Odisha we had a building near Esplande Mall...
My father got me a samsung sir worth INR 8000 before 2 weeks sir...
how long will it take for Berkshire to own a position in bitcoin? perhaps when the price of a btc exceeds a price of brk A, which is currently pricing at about a half a mil
They said that Bitcoin is scam.
@@marioalll I bought my first bitcoin in 2013 for 153 bucks and people said it was a scam back then, today bitcoin is over 26,000
@@2345cbreslin yes, but since there is any fundamental factor behind BTC, it is really uncertain its future price; In 10 years, It could be 500,000$ or zero. I prefer to stick to more predictable assets. What you've done in 2013 is just making a casino bet. "The house" always wins.
@@2345cbreslin
You bought it back then with out any means of knowing what its real value was or how that value would relate to 2023.
Bitcoin is not an investment for 99.99% of people.
@@bighands69 the reason I bought in 2013 still exist today which is why I continue to hold and will not sell unless higher prices are had
If you like sweatshops you go Apple...
Ma'am what about Franklin Templeton...
Two boomers thats owning all of gen z combined
They are silent and greatest generation, not boomers.
@@Tendomcgoobin gen z also have a Hathaway company? No?
Didn't think so
I think you misread reeser. They’re actually not boomers. They’re older. The generations before are called the Silent Generation and the Greatest Generation. They’re both in their 90s. Boomers are like 60-77 age range.
Just looked. Munger is 99 years old. Which is wild! I think he falls into The Greatest Generation. Don’t hear that everyday haha. Just making it to 99 is crazy to me let alone being that sharp still. Treasures.
EV is fools gold bud..
Old clowns
With hundreds of billions of dollars owning some of the best companies in the world. Tell us how do you become such a clown?
- Shelve stacker from his basement
They need more women in their lives. If I was Warren or Charlie, I would be seeing call girls regularly.
Maybe they are
But whats the point when you’re 90+
The girls will be disgusted of you, and you yourself won’t enjoy it.
Besides being so close to death is a time to focus on the next life, if it exists.
God dam they talk slow. This is no different then Biden talking
They’re in their 90s and still pretty damn sharp and your take away is they talk slow? Ya, no kidding pal, that’s what happens when every person ages. Their hearing probably ain’t very good either. You want them to break dance for you? Dweeb
@@le9335 I don't want them to break dance for me nor do I need to hear their bs on what is a good investment for the future, which they won't be a part of. (no skin in the game)
"A king has his reign, and then he dies. It's inevitable. That is natural order of things."
This is just a ego tour they are on atm.
Sears used to be a good company too
I’ll stick with my indexes. But thanks Charlie for calling me insane
Berkshire is not a fund nor is it an actual portfolio. Berkshire is a company so its practices are not the same as an individual investor with a portfolio.
Who TF said AAPL was 35% of Berkshire?
Few years ago WB was not at all in favour of Apple, dynamics have changed
Not a few years ago but a decade ago. Berkshire does not invest in technology it invests in companies.
Munger is wrong about diversification. Invest in the best 3 or 4 companies in each vertical or industry.
@@NA-du5vm It is sound advice, I am not as wealthy as Munger but ask any investment advisor or index fund manager.. they will tell you the same. Investing in 3 companies only is extremely dangerous. IF China and the USA get into a shooting war Apple drops 50 percent or more immediately.
You dont have to diversify your money if you know which company is the best one.
Dont need that if you know what you are doing.
@@david9243 tell that to Ray Dalio
Seems like he knows what he’s doing lol.
oil 🛢 moves money faster then EV
EV is an amazing development and will be the future but it cannot just magical appear and will need decades to play out.
Time to sell😲🧐📉