At the annual meeting of Berkshire Hathaway shareholders, Buffett had more to say about his plans for Apple."[Apple] was a company I loved, a company I loved very much," Buffett told Apple in an interview with CNBC . "It was a company I loved, a company that I enjoyed a lot, and we could buy a lot of it. I clearly appreciate Apple and why buy them, and we bought about 5% of the company. like to own 100%.
Buffett went to state that "it's the test – would you like to own 100% of a business?"
"We do not buy stock when we buy Apple in our minds, "ctinues Buffett," We buy 5% of a company, we buy 100% of some companies and, when they are public, we buy 5%, but we think of the same way. "We greatly appreciate the ecomics of their activities and we love their management, their way of thinking and their way of acting."
Warren Buffett revealed Thursday that his business, Berkshire Hathaway, had bought 75 milli shares of Apple during the first quarter, bringing the total positi of the investment company to 240 milli shares. This decisi makes Berkshire the third largest shareholder of Apple, behind Vanguard and BlackRock.
In separate comments at the shareholder meeting over the weekend, reported by Reuters …