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In 2016, Warren Buffett made perhaps his most profitable investment of all time. His Berkshire Hathaway (NYSE:BRK-B) invested an initial $1 billion in iPhone maker Apple (NASDAQ:AAPL), later adding $39 billion to his hoard of AAPL stock. This investment has ballooned over the course of nearly a decade, as investors have certainly noticed. And with more than half of Berkshire’s portfolio consisting entirely of Apple stock, many had viewed the investing conglomerate as an indirect play on the smartphone maker, and a more diversified way in some respects to play the overall market. Of course, that position has shifted, and Buffett has offloaded more than half his stake in the world’s largest company. This move, and continued selling in some of the Oracle of Omaha’s other core positions, has signaled to many in the market that Buffett is more bearish on stocks than he has been in some time. Let’s dive into his amazing initial investment, and the timing behind his re
Oceana's new report “Coca-Cola's World With Waste” exposes the beverage giant's increasing plastic use amid growing health and environmental concerns Oceana's new report “Coca-Cola's World With Waste” exposes the beverage giant's increasing plastic use amid growing health and environmental concerns
Coca-Cola (KO) reachead $68.81 at the closing of the latest trading day, reflecting a -0.2% change compared to its last close.
The recall began on March 6, when a Milwaukee-based bottling company alerted authorities that plastic fragments might have entered certain cans.
The Dow Jones Industrial Average (^DJI 1.42%) index dropped 1.6% in February. Although some blue chip stocks slumped by double-digit percentages, 50% of its 30 constituents beat the index last month.
When it comes to billionaire money managers, Berkshire Hathaway's (BRK.A 0.90%) (BRK.B 0.84%) Warren Buffett is in a class of his own. Since taking over as Berkshire's CEO six decades ago, he's overseen a jaw-dropping aggregate return in his company's Class A shares (BRK.A) of better than 6,321,000%, as of the closing bell on March 21.
Riskier assets like growth and technology stocks have enjoyed a strong run since early 2023. However, some uncertainty has begun clouding the stock market's outlook.
Warren Buffett is undoubtedly one of the greatest investors of all time.
If I were Warren Buffett, I probably wouldn't be able to wipe the smile off my face. While the overall stock market has fallen this year, his beloved Berkshire Hathaway has delivered an impressive gain of around 17%.
For investors who are old enough to remember, the latter half of 1990s was an incredible time. The advent of the internet and the subsequent proliferation of personal computers was going strong, yet conventional cable television and broadcast radio were still the chief way people consumed live media.