Conceding Defeat on IBM, but High Hopes for Apple

(May 7, 2018) By early 2018, Warren Buffett has substantially increased Berkshire’s holdings in Apple—and sold off most of its IBM stock. On CNBC’s “Squawk Box,” he admits he “was wrong” when he bought IBM—but he’s more confident in Apple and the psychological hold the company has over its consumers.

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Warren Buffett Was Wrong on IBM

(August 30, 2017) In a live interview on CNBC’s “Squawk on the Street,” Warren Buffett concedes he made a mistake when he bought IBM, explains why he thinks Apple is different, predicts Berkshire will keep its Bank of America stock for a “long, long time,” and declines to criticize President Trump.

Apple is In, IBM Is Out

(May 6, 2017) Warren Buffett analyzes the differences between two names he’s bought for Berkshire Hathaway’s portfolio that are often seen as technology companies, an area he used to avoid.

Was IBM a Mistake That Warren Buffett Make?

(February 29, 2016) Almost five years after diving into IBM, the stock has dropped significantly. (At the end of 2015, Berkshire’s position are down about $2.6 billion in market value.) On CNBC’s “Squawk Box” in February, 2016, Buffett concedes he might have made a mistake.

Warren Buffett Defends Clayton Homes and IBM Stake

(May 4, 2015) In a live appearance on CNBC’s “Squawk Box” the Monday morning after Berkshire’s 2015 shareholder meeting celebrated 50 years of Warren #Buffett in charge at #Berkshire, he defends Clayton Homes against predatory lending accusations and explains his long-term optimism on IBM. The CEOs of Berkshire’s four biggest stock stakes discuss what it’s... Continue Reading →

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