Warren Buffett explains why Berkshire reduced its big Apple stake
Berkshire Hathaway Chairman and CEO Warren Buffett presides over the 2024 Berkshire Hathaway annual meeting. Watch the full coverage of Berkshire Hathaway annual shareholders meeting on www.cnbc.com/.
Upgrade to CNBC Pro for in-depth analysis following this live event. Gain valuable insights into Warren Buffett's investment strategies and get exclusive access to CNBC Pro's breakdowns of Berkshire Hathaway and its portfolio companies: cnb.cx/4a6T4rL
» Subscribe to CNBC TV: cnb.cx/SubscribeCNBCtelevision
» Subscribe to CNBC: cnb.cx/SubscribeCNBC
Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.
Connect with CNBC News Online
Get the latest news: www.cnbc.com/
Follow CNBC on LinkedIn: cnb.cx/LinkedInCNBC
Follow CNBC News on Instagram: cnb.cx/InstagramCNBC
Follow CNBC News on Facebook: cnb.cx/LikeCNBC
Follow CNBC on Threads: cnb.cx/threads
Follow CNBC News on X: cnb.cx/FollowCNBC
Follow CNBC on WhatsApp: cnb.cx/WhatsAppCNBC
www.cnbc.com/select/best-cred...
#CNBC
#CNBCTV
This will definitely hit apple negatively, market so unpredictable at the moment, Recently bought some recommended stocks and now they are just penny stocks. There seems to be more negative portfolios in the last 3rd half of 2023 with markets tumbling, soaring inflation, and banks going out of business. My concern is how can the rapid interest-rate hike be of favor to a value investor, or is it better avoiding stocks for a while?
Just ''buy the dip'' man. In the long term it will payoff. High interest rates usually mean lower stock prices, however investors should be cautious of the bull run, its best you connect with a well-qualified adviser to meet your growth goals and avoid blunder.
The truth is that this is really not as difficult as many people presume it to be. It requires a certain level of diligence, no doubt, which is something ordinary investors lack, and so a financial advisor often comes in very handy. My friend just pulled in more than $84k last month alone from his investment with his advisor. That is how people are able to make such huge profits in the market.
nice! once you hit a big milestone, the next comes easier.. who is your advisor please, if you don't mind me asking?
MICHELE KATHERINE SINGH is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
My needs are kind of unique and complex. I'll contact her nonetheless, and I hope I'm able to make something out of it.
I watched the entire annual meeting of Berkshire Hathaway on tape. His position has been shifting since he started investing, and he's still in the game, which impressed me. I started following Buffett in 2019, and since then, I've learned a great deal from his approach to investing, which has allowed me to generate $20K in dividend income each month.
When he casually brought up Charlie Munger, I was really moved. There was a great depth to their relationship. They've both been following me, and they've significantly altered my thinking about investing and who I should work with.
Would you mind mentioning a few of the concepts that most interest you?
My favorites by far are value investing and staying within your circle of competence or investing with someone who is competent. I'm a psychologist, so investing is not my competence, but I identify the best investors. The one I've worked with for the past couple years have made me more than $400k in net return.
If it's acceptable with you, may I inquire with whom you now collaborate?
Monica Shawn Marti is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I agree that many people are considering NVDA as the "Stock of the year." However, I'm curious about which stocks could potentially become the next META in terms of growth over the next decade. I've allocated $200k for investment, aiming to retire comfortably.
I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation from $275k to $850k.
Glad to have stumbled on this conversation. Please can you leave the info of your investment advisor here? I'm in dire need for one.
Viviana Marisa Coelho is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets.
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing
As a beginner, educate yourself: Learn the basics of investing and the stock market. There are many resources available online , including books, articles, and online courses. It’s a good idea to diversify your portfolio across different stocks and sectors to minimize risk. I’ve heard of people accruing over $550k during recessions and inflation, it’s important to do your own research.
The professionals presently control the market since they not only have the essential business strategy but also have access to inside information that the general public is not aware of.
Right, I've been in constant touch with a financial-analyst since covid . You know these days it's really easy to buy into trending stocks, but the task is determining when to buy or sell . My advisor decides entry and exit commands on my portfolio, I've accrued over $1m from an initially stagnant reserve of $450K.
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?.
She goes by ‘’Vivian Jean Wilhelm’ I suggest you look her up. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
Thank you! I entered her full name into my browser, and her website came out on top. I filled her form and i hope she gets back to me soon.
Stop with the clickbait titles. I used to love the unbiased videos on whats really going on in the market. Crash fatigue is showing with most folks. My $200,000 holdings are down 7% after selling some APPL. This video leaves me some serious concern.
It’s important to consult with a financial advisor before making any investment decisions.
@@Jaymilnere You're right, I and a few Neighbors in Bel Air Area work with such advisor who prefers we DCA instead of a lump sum purchase, Following this, my portfolio grew 40% in the last quarter.
You're right, I and a few Neighbors in Bel Air Area work with such advisor who prefers we DCA instead of a lump sum purchase, Following this, my portfolio grew 40% in the last quarter.
@@Jaymilnere This companies have performed best for you?
@@Jaymilnere Yes my advisor prefers i invest in large cap companies with cash flows and strong balance sheets. Some of which are AAPL, VHYL, SCHD & NVDA.
I’ve had majority of my holdings in tech stocks making about 65% of my $800k portfolio and I've done pretty well, especially with Apple’s P/E (price to earnings ratio) but with much uncertainty now, my question is what stocks can be the next APPL in terms of growth for the next decade?
it might be difficult finding the next apple within the tech stock sector, maybe look outside of tech stocks
Personally, I delegate my investing to an advisor, ever since suffering a major steep-down amid rona-outbreak in late 2019. As of today, I'm semi-retired working only 7.5 hours a week, with barely 25% short of my $1m retirement goal after subsequent investments.
who is the professional guiding you please? figured its best to seek guidance from a proper advisor in this uncertain times, cant afford to make mistakes
*Sharon Lynne Hart* is the licensed advisor I use. Just search the name. You’d find a webpage and necessary details to work with to set up an appointment.
I appreciate this. After curiously searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.
To enhance our long-term investment mix, my partner and I are introducing a range of stocks and ETFs. We've committed $220k initially, with a particular emphasis on inflation-protected bonds and businesses demonstrating robust cash flows. I see potential for enduring growth in the current market, yet I'm also keen to explore strategies for generating short-term gains.
the strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.
Even with the right strategies and appropriate assets, investment returns can differ among investors. Recognizing the vital role of experience in investment success is crucial. Personally, I understood this significance and sought guidance from a market analyst, significantly growing my account to nearly a million. Strategically withdrawing profits just before the market correction, I'm now seizing buying opportunities once again.
Please can you leave the info of your lnvestment advsor here? I’m in dire need for one
Laila artine kassardjian' is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
For all of you saying he sounds frail or or rambling …keep in mind his 93 years old …Not many can stand up to a live interview and talk the way he is doing at 93 …there is wisdom in his speech
Agreed. My grandmother, who is 93 years old, barely recognizes anyone in the family anymore.
@onryrd yes even early 80s we had similar situations
Kiss his balls
I just felt a little sad that there isn’t a rejuvenation potion discovered or innovated that could make people live healthier for longer. I just have to convince myself human are somehow programmed to live approx. 90-100 years, and that’s it.
The G.O.A.T
I just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying its ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $450k gains within months, I'm really just confused at this point.
A robust strategy is crucial for any investor's portfolio. When it comes to making high-stakes decisions, the greater the risk, the greater the potential reward, and it's wise to seek guidance from seasoned professionals.
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
That does make a lot of sense, unlike us, you seem to have the Market figured out. Who is this coach?
NYCOLE CHRISTINA VANNATA a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance, but if you want to make your money work for you... prevent inflation
Thanks for continuing updates I'd rather trade the crypto market as it's more profitable. I make a good amount of money per week even though I barely trade myself.
A lot of people still make massive profit from the crypto market, all you really need is a relevant information and some ‹professional advice. ‹it's totally inappropriate for investors to hang on while suffering from dip during significant
You trade also?, I
No I don't trade on my own anymore, I always required help and assistance
From my personal financial advisor
This meeting is the Super Bowl for those of us that love investing
Old people*
@@design_actual Learn from the older people around you homie, it will help you avoid the same mistakes and you might do better in life with the do's and dont's in life.
@2wheel_freedom i would if i, too, grew up in an era where i could buy a house for 4 cranberries and abuse bankruptcy protection laws when credit score weren't a thing lol. Sure. It's easy to go up a ladder then kick it down and wag your finger at someone else while already at the top.
Here’s a tipi idiot, be born wealthy.
More like the College Football Championship. Having completely missed Google, Facebook, Tesla, Netflix, Nvidia, and countless other great technology stocks, while simultaneously holding declining Apple & IBM removes Buffett/Berkshire from the realm of top investors/investments. For the past 20 years, BRK = SPY, as Buffett admits.
Warren looks and sounds down, likely missing Charlie
Yeah he is different. Charlie is missing 😢
mimmmiimimi
Definitely not the reason why he looks down and not kissing Charlie
To me it seems more like age is catching up to him. I mean he is reeeeally old
So down he wants taxes raised on those he will leave behind when he is gone wth
“Anyone can be rich, just do this”
The first step to attaining wealth is figuring out your goaIs and risk toIerance - either on your own or with the heIp of a financiaI pIanner, and foIIowing through with an inteIIigent pIan, you wiII gain financiaI growth over the years and enjoy the benefits of managing your money...
I am fortunate I made productive decisions that changed my finances (gathered over 1M in 2years) through my financiaI planner. Got my 2nd house in Feb, and hoping to retire soon. Give this a try and attain good-returns... . .
For more lnfo .
Rebecca Mart-Watson (in fuII). . .
@@douglaschester2097SCAM ALERT
Translation: I am selling Apple now to pay lower taxes on the gains I have made. I will be buying more shares back later when it isn't a wash sale. I expect the US gov to raise taxes on gains to cover the increasing fiscal debt. In the past they have been more than 50% right now they are only 21%.
Thank you
When selling for a gain there is no such thing as a "wash sale." Sell it and buy it back immediately. Or buy and then sell immediately. The wash sale rule applies only to selling at a loss.
Yeah that's basically what I'm hearing. He's saying that they buy the best companies, but they still treat investments like a business. They're just offloading in the short term but not necessarily changing their overall view of the company right now.
Thank you!
There is no wash sale on gains dude.....
He looks lonely up there all alone
😢
😢
we are all alone in this world. Just take more time for some to realise this.
Yup,
@@adilthescholarsad and deep
I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement. I'm seeking to invest $200K across markets but don't know where to start.
The professionals presently control the market since they not only have the essential business strategy but also have access to inside information that the general public is not aware of.
@@aliyuabdullahi3231 The reason I decided to work closely with a brokerage adviser ever since the market got really tense and the pressure became so much(I should be retiring in 17months) so I've had a brokerage adviser guide me through the chaos, its been 9months and counting and I've made approx. 650K net from all of my holdings.
@@RyanLiu561 How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?
@@ahmadsidi8252 “Victoria Carmen Santaella’’ You can easily look her up, she has years of financial market experience.
@@RyanLiu561 Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible.
This might be the last time we see Warren Buffet. 🙏 The greatest investor of our lifetime.
I think so
I wasn't financial free until my 40’s and I’m still in my 40’s, bought my third house already, earn on a monthly through passive income, and got 4 out of 5 goals, just hope it encourages someone's that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made.
yeah investment is the key to sustaining your financial longevity but venturing into any legitimate Investment without a proper guidance of an expert can lead to a great loss too
Hello, I’m 37 and I am not worth much yet , please help me out. Bought my first house last month and I can't seem to make any other smart investment.
wanted to trade, but I got discouraged with the market price fluctuations
Can you recommend a guide for me?
Haven't you heard of Expert Chrissy Barymoer ?He gives excellent guide on the right stock with high dividend
He's 93 and Mr. Buffett still looks great! love this man
This annual meeting didn't feel like any before without Charlie.
Yes, it's sad. Having seen numerous clips of Warren & Charlie and the great rapport they had together from the Berkshire shareholders meetings of the past, this is sad to see. It definitely has an end of an era feel about it.
It was genuinely sad to see him up there alone.
I would enjoy seeing Warren while you can, sadly there will not be many more..
Conclusion: WB wanted to increase his cash position. One reason is gains tax at 21% is relatively low this year, and it could go up in the future. WB said at one point in the past, it was 52%. So, he sold some portions of his largest investment, Apple.
no, berkshire hathaway is exempt from paying any capital gains taxes
@@ericmorrison8772what? No one is exempt
@@ericmorrison8772why would they be exempt? Only reason they would be exempt is either they are a flow through entity or a non profit organisation which I don’t think is the case. And WB Himself said in the video take a listen
Exactly… took a little while to get the answer :)
How does selling Apple get him a lower tax rate?
Great video! I really do have a quick question. For someone with less than $10,000 to invest, How would you recommend we enter the market? I am looking study some traders and copy their strategy rather than investing myself and losing money emotionally. Whats your take on this approach?
Focus on long term investments in property, stocks, and bonds. Avoid copying, daytrading and 'chart astrology'. Diversify across different geographies, industries, and value chain stages - to reduce your risk. You can do this with ETFs, or by selecting different stocks yourself. This is the best way to invest for more than 90% of people.
I successfully trade in my own portfolio, and also follow others because I'm interested in their strategies. I realized I've got better at managing the trader's strategies too. There's nothing wrong at all with having someone far more dedicated manage some of your portfolio.
To be 100% honest with you. I had the same question 4 years ago. I was confused as heck. Now copying other traders for over 3 years, I would like to tell you, YES copy trading is a good approach. Just keep in mind that the success of copying another trader lies in their transparency. Make sure you know who you are dealing with before copying them. My two cents. Goodluck!
"Even with the right technique and assets some investors would still make more than others, as an investor, you should’ve known that by now, nothing beats experience and that’s final, personally I had to reach out to a market analyst for guidance which is how I was able to grow my account close to a million, withdraw my profit right before the correction and now I’m buying again".
I think I want to try out a financial advisor, but the amount of information on the internet is overwhelming. Could recommend any good one(s)?
The most valuable part of his response was at 7 mins in, anticipating higher tax rates
thanks for pointing
What did that have to do with selling Apple. I didn’t understand what he was saying
btw you can just write 7:00 and it acts as hyperlink to correct timecode.
@@ukulayme2 Better to sell now at 21% than later at 31% or higher. Considering the over $32trillion debt and a trillion added every 100 days it seems likely that the government will be forced (regardless of party) to cut spending and raise taxes. Obviously that wouldn't be good for the economy, so by selling now, he's selling at a much higher PE and avoiding higher taxes on potentially lower stock prices.
Chilling 😬
Historically speaking Bitcoin doesnt do much immediately after the halving - but it does do impressive spikes and tops out around 18 or so months afterwards. No one can time the market, but I'd say it's worth considering entering a position at current prices and if further dips occur, just add to your position. Over the long run, there is a higher probability to the upside than the downside, .It's not about guessing the market's next move; it's about playing it smart and steady during trading...managed to grow a nest egg of around 2.4Bitcoin to a decent 18Bitcoin in the space of a few months... I'm especially grateful to Kerrie Farrell, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape...
I appreciate the professionalism and dedication of the team behind Kerrie’s trade signal service...
As a beginner, it's essential for you to have a mentor to keep you accountable..
I've just looked up her full name on my browser and found her webpage without sweat, very much appreciate this..
Investing with an expert is the best strategy for beginners and busy investors, as most failures and losses in investment usually happen when you invest without proper guidance. I'm speaking from experience...
The fact that i got to learn and earn from her program is everything to me think about it, it's a win win for both ways...
Love how he is saying we sold to avoid possibly higher taxes that might come soon - but we love to pay a lot of taxes to help our people amazing, isn't it? :)
Schrodinger’s buffett lol
Charlie was a good man. WB missed his long-term business partner 😢
Man I’m sure he misses Charlie, he still talks about him like he’s alive.
So true
He isn't even done selling Apple shares. For now, he is not going to say anything bad about Apple.
I've also noticed he doesn't like to mention why he sells certain stocks, especially since its still his biggest position of common stock... bc he knows he'll tank it. I've seen him tip toe around these questions before
@@valetudo1569 he talked about capital gains tax increases, so if he wants Berkshire to have more cash on hand, now is a good a time as any to do it. Especially since Apple is in a stock buyback mood right now.
Of course. He is Buffet, not stupid!
You must be rich as a prophet
So you think he’s up there straight up lying to his investors?
Warren Buffet, a true gem. Such a great man. Wise well beyond his 93 years of age.
I think take his words with a grain of salt here. He won't explain why because he is perhaps still in the process of unloading. He'd be doing his shareholders a disservice because his words carry so much weight and will move markets which in this case will cause his shareholders to lose gains in his process of unloading Apple. I personally think it is because it isn't as sustainable a business than Coca Cola and American Express. Apple is largely dependent on their iPhone as service revenue hinges on the number of iPhone users, but as a tech product, is something consumers are more willing to switch if an alternative is present (especially given the lack of innovation in recent years). Here in the US the alternative is pretty limiting (mainly Samsung) but if you look at China where there are quite a few alternatives (Xiaomi, Huawei) it has started eating into Apple sales.
LOL ‘Apple isn’t a sustainable business’ - maybe you should take a look at the gross margin expansion for a company doing over 400B in gross revenue a year. And you know maybe the greatest business ever with the most successful consumer product ever that has been around now for 4 decades with a deep bench of executives that have been there for over 20 years. Also keep in mind Berkshires stake is now 135B. AAPL is doing a 110B annual buyback now- thats almost the entire Berkshire stake in cash. But obviously not a sustainable business with an extremely sticky ecosystem with a record number of connected devices every single quarter. Oh, and for you all that they don’t spend on R&D- they spend as much as GOOGL and don’t have the CAPEX outlay for building a cloud service business.
@@stevelevine3008 lol indeeed. APple has so much cash. soooo much fcking cash its insane.
@@stevelevine3008they are not growing anymore. Everything is stagnating and there is no prospect of squeezing out more net income of other innovations. They’re late in VR and late in AI. What’s the point of keeping Apple if they don’t grow and they don’t distribute sizeable dividends. And don’t mention buyback because it will do is just delaying Apple inevitable stock price crash.
I would disagree somewhat, because in India having an iPhone is considered an achievement & even people who earns less are keen on buying them on emi(even if it costs them half their monthly salary).
Doesn’t he look older and lonelier? No cheery air like when Charlie was there.
He seems older and his voice sounds more frail.
@@GK-qc5ryseems older? Bro he is 93 😂😂
Yeah he is older no it has nothing to do with Charlie who was half alive the last time
Allow me to translate, he’s selling a big position because he’s anticipating higher taxes in the future. He says people pay too much attention to taxes, but that’s exactly what he’s doing. Follow what they do not what they say.
So don’t sell? Because his sold a very small percentage of apple
I agree with follow what they do not what they say. However, I think he's right not to advise investors too focus on them because the gains are what matters
You're completely ignoring the context. Berkshire Hathaway was happy to pay taxes. "If 8 other companies paid their share, no one else would have to." People pay too much attention to taxes, as in, they overly concern themselves with how to avoid them.
THANK YOU! also his #$%^&* idiotic "if 800 more companies did this", the guy is innumerate - there are 27 companies (2013, old data) with revenues the size of that tax bill, let alone larger.
Sounds to me like the first part is the real reason, we look at apple as a business and market as a servant not as an instructor, means the market has to richly priced apple stock and its no longer in line with its prospects as a business
Like this message if you miss Charlie 😇
You either die a hero or live long enough that everyone realizes you're swimming naked - Munger
it so sad to see Warren Buffet without Charlie Munger on his side. Just read Poor Charlie's Almanack - and can't recommend it highly enough.
Use a dead person to gain likes for yourself, shame on you
No
The guy is like Putin: - why did you do this? - let me get you through history lesson for couple of hours...
this guy is like any other old guy
Felt sad when he said *'Charlie and I'*
what a brilliant man and such an icon, doing this at 93 years of age is incredible
Have thought of going into cryptocurrency trading Investment lately, I often wonder how top investors are able to become millionaires off investing. I do have a capital to start up but I have no idea what strategy and direction needed to get started that will enable me make decent returns.
Invest if you actually want to be wealthy. However, you should get guidance from a financial advisor if you want to create a successful long-term plan....
Try Bitcoin price prediction
Venturing into trading require adequate orientation from a reputable professional broker to minimize losses and accurate signals.
The best strategy to use in trading is to trade with a professional who understands the market quite well, that way maximum profit is guaranteed.
Amazing, But getting one is easier said than done. If it's not too much to ask, do you know any legit ones?
Is this a good moment to make stock investments? I am aware that equities are inexpensive, but when will we start to see gains? It is true that there are tactics to be applied in this market, but are they available to the common individual, thus would it be better to place my money elsewhere?
If there's one thing the market has taught me, it's that it usually bounces back. However, with important factors like my retirement and reserve depressing inflation, I find it difficult to grasp the big picture. As soon as feasible, I need a strong data trajectory and solution.
My daily investing decisions are overseen by a financial institution, which is one of the main reasons I work with them. Their entire skill set is based on trading long and short simultaneously, using profit-oriented approaches and reducing risk as a hedge against inevitable downtrends. When combined with analysis and insider information, it's exceedingly difficult to perform below expectations. With this company for around two years, the return on investment has exceeded one million five hundred thousand dollars.
Could you please tell me the name of this business? I've been looking into financial institutions since I could really use some advice.
I have worked with many investment firms, but SolchangeLTD has shown to be the most competent and trustworthy thus far. Because of their huge fan base, you could look them up online by searching for their name as a firm.
They are fiduciaries, therefore I think they'll look out for my best interests. They seem to know a lot of things. They had an impressive vision and mission, years of success, and evaluations, all of which I looked through when I came across their web portfolio. As a result, I've already spoken to them.
I cant but admire the character of the goat; despite the absence of his long time partner whom we missed dearly today, he spared no occasion to mention Charlie and I; as if Charlie was sitting there right beside him - this tells alot about his character - what a legend
Who said he is missing him greatly
That’s a very, very, very long windy answer why Berkshire reduces Apple shares. Basically he seems to be suggesting he has less confidence in Apple (for now), the rest is just rattling on and on 😅
need to keep watch for the next quarter. in case they keep selling 5% every month.
i was there.. Charlie got a standing ovation.
gotta admire the guy. he just plods along doing his thing causing no drama.
I agree that Al stocks will dominate 2024. Why I prefer NVIDIA is that they are better placed to maintain long term growth potential, and provide a platform for other Al companies. I know someone who has made more than 200% from NVIDIA last year.
misleading title because he never mentions once why they sold part of apple.
he cant say apple is getting stale and thats why he is selling. if he cant sell it at good price, its bad for berkshire shareholders. he owns a big part that getting out is not very easy
He said sell at the top, buy at the bottom.
He DID say the reason: you won't mind if we sold a few shares of Apple, when BRK has to pay 21% tax now (whereas, if we hold and sell at a later time, we'll likely have to pay a higher percent); also, we are raising our cash position at this time of uncertainty (implied: economic, geopolitical), etc. He DID reveal at least two reasons. He ALSO said that he believes that Apple will nonetheless be BRK's largest equity position in the not too distant future. Perhaps listen again?
He did in the last 10 seconds of the clip. He expects taxes to rise and so he’s interested in increasing his cash position for now (to buy cheaper later).
He said he sold because it's a business. Meening there is no emotion just taking profit. And I believe he didn't sell it all.
“The market is not there to instruct you… but to serve you…”. Facts
Answer: :Building our cash position". Sounds like taking some profits, to have cash on hand for a buy opportunity. Also seems to suspect a tax rate increase in the future.
what is the raltion b\w Taxes and Apple Stock sell in the end ?
At 93, this is incredible and admirable.
I miss Charlie :(
I think Warren does too 😢
@@guydreamr Matthew 16:26 For what will it profit a man if he gains the whole world and forfeits his soul? Or what shall a man give in return for his soul?
@@geoms6263 Which is relevant how?
yes HE DOES, & avoiding foreign risk factors. I would rather be paying taxes in Nebraska or Kansas, than (Finland).
,,, THINK over 20 to 30 years what you build and SERVE rather THAN what you spend. Warren Buffett checks won't bounce.
tax rate is the key, now im thinking the many will start to sell on profit to take advantage of current low tax rate especially many have made huge gain from the run up since 2023
Bless him he just lost his best friend. Still giving droplets of gold. He cashed in a bit to keep the company going through hard times. Well done warren.
It's so sad to not see Charlie up there with him.
He just waffled on with a 10 minute monologue in lieu of yes or no but he’s definitely showing his age.
Two things: First, Apple was always Greg's choice and his convition. Second, Warren never gives away decisions directly. At 5:41 he basically says those stocks are very overpriced and Berkshire decided to build cash positions, to buy up companies at a better price later, meaning he (and Greg) thinks Apple is overpriced to it's performance.
Needing a yes or no answer is a you problem. Learn to read between the lines. He explained precisely why he sold. He prefers cash over equities at the moment because he believes the government will raise taxes, so he sold now to take advantage of the current lower tax rate.
Gosh Warren sounds so different in this call than the previous ones. He just doesn’t stop at all, usually he is concise and to the point
Thank you for telling us NINE times that you look at Coca-Cola and American Express… I think we understand that at this point.
Warren's voice sounds more frail.
maybe he is trying to start smoking
He only sold 13%...he trimmed...which he said he never does. He usually sells all. He probably did it this way to minimize tax.
Minimize the tax rate on a small portion? Doesn’t make sense, it’s such small savings relative to their AUM/net worth. Sold to have more cash? Doesn’t make sense when they have so much cash relative to their net worth.
Its so unusual watching Buffet without Charlie besides him
remember tim cook is in the audience you don't sell 113 million shares of Apple for "tax reasons"
Warren will never stop talking politics under the guise of taxes.
He spoke for 9mins and didn't actually answer the question
Lawyer speak. Say a lot of words without saying anything concrete.
Well...If you take out the...aww...uhh...mhm...you can hear that he ist not so convinced about Apple anymore.
@@trevorjones3530 he mentioned realising the gains on Apple stock at the current 21 percent tax rate as opposed to a projected higher future rate.
I heard quite clear that he is afraid of future taxes
@@alexandersanchez6337 thats correct. The current tax rates are low by historical standards so he is taking advantage of that before they rise.
Recently bought some recommended stocks and now they are just penny stocks. There seems to be more negative portfolios in the last 3rd half of 2023 with markets tumbling, soaring inflation, and banks going out of business. My concern is how can the rapid interest-rate hike be of favor to a value investor, or is it better avoiding stocks for a while?
It's weird not to see Charlie there. You can tell that Warren misses Charlie very much. I'm sure we all miss his humor, wit, and great wisdom.
I’ve had majority of my holdings in tech stocks and I've had 25% increase in my portfolio, especially with Apple’s P/E (price to earnings ratio) but with much uncertainty now, my question is what stocks can be the next APPL in terms of growth for the next decade?
It's really hard to beat the market as a mere investor. It's just better if you invest with the help of a professional understands the market dynamics better.
A colleague once proposed the idea of diversification to me, hopefully for positive results to offset any negative performance. At once, I backed it up using an advisor in order to avoid any fiasco. As of today, my portfolio has yielded over $450k in profits, from an initial $180k this year alone.
A colleague once proposed the idea of diversification to me, hopefully for positive results to offset any negative performance. At once, I backed it up using an advisor in order to avoid any fiasco. As of today, my portfolio has yielded over $450k in profits, from an initial $180k this year alone...
A colleague once proposed the idea of diversification to me, hopefully for positive results to offset any negative performance. At once, I backed it up using an advisor in order to avoid any fiasco. As of today, my portfolio has yielded over $450k in profits, from an initial $180k this year alone.
A colleague once proposed the idea of diversification to me, hopefully for positive results to offset any negative performance. At once, I backed it up using an advisor in order to avoid any fiasco. As of today, my portfolio has yielded over $450k in profits, from an initial $180k this year alone.
No Charlie 😢
Your videos are a real treasure trove of knowledge about trading. Thanks for your hard work!
Buffet making the crowd applauding at paying more taxes because the government spending is out of control is mind-blowing
you are definition of missing the point
Soooo why did he sell some AAPL...?
It’s a dying business with no clear AI framework . Apple has very poor cash management , now spending 110 billion in buybacks at a time when other big tech is spending equivalents into AI
@@jays5926 Well it's a hardware and services company, but yeah once AGI and competent robotics come around in the next couple of years nothing else will matter.
dodge taxes, then lie claiming he loves taxes, then lie saying he pays 21%, when he paid 8%, then lie further saying "if 800" other companies did that. they produce nothing. they help nothing. they make earnings from other people's losses. they are parasites.
@@jays5926and how exactly is anyone monetising AI? Does anyone outside of nvidia who is selling the data infrastructure have a run rate of more than $5bn in revenues from AI derived investments? No, they don’t.
Investment banking can be quite lucrative if you know what you're doing, but it also comes with its fair share of risks.
Still says Charlie and I... respect
What are the best strategies to protect my portfolio? I've heard that a downturn will devastate the financial market, so I'm concerned about my $200k stock portfolio.
There are strategies that could be put in place for solid gains regardless of economy situation, but such execution is usually carried out by an investment specialist.
I've been in touch with a financial analyst ever since I started investing. Knowing today's culture The challenge is knowing when to purchase or sell when investing in trending stocks, which is pretty simple. On my portfolio, which has grown over $900k in a little over a year, my adviser chooses entry and exit orders
Mind if I ask you to recommend this particular coach you using their service? Seems you've figured it all out.
She goes by ‘’Whitney Kay Stacy” I suggest you look her up. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
Thank you for sharing, I must say, Tenley appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive. I reached out and scheduled a call
That was the most roundabout non-answer ever.
Thanks for the video, It works with minor adjustments, First I added the Demarker (7) indicator, then I put the 70 to 60 on the Rsi because it will either touch the 50 or 60. Great with OTC trades as well. Also just changed the 30 sec chart to 1 min and 1 min time to 2 min chart. Same concept!
Great stuff, thanks again!
Bad title misleading really
I report videos for that
You clearly weren't listening. Buffett's preference for cash over equities at the moment. He predicts the US government may potentially raise taxes. In the past, they have been more than 50%, but right now they are only 21%. Ie he want to secure his gains
Basically what he's saying is he sold Apple because it no longer meet his investment criteria
Wtf were you hearing? He sold because they want to increase their cash position and now's a good time to do it with the fed tax rate at 21% as opposed to 51 or 39 in previous years. With the election around the corner they are anticipating overall tax increases with the state of the deficit regardless of who is elected. It's not to avoid paying higher taxes, it's to benefit their shareholders further and have a bigger war chest ready for their next purchase.
Not what he said at all. Quite the opposite.
Warren, a true warrior and go up still in shareholder meetings. Dedicated to his passion. Yeah Munger passed but we will all pass one day. So enjoy the most as you can, we are just in a trip on earth.
I feel I’m on the correct path when I come to this video to watch the Oracle of Omaha talking, just to enjoy the wisdom of this living legend and not because I’m in a rush to know if I need to be bullish or bearish in a trading position.
You heard the man, he doesn’t mind paying his fair share
Why doesnt he just write a check directly to the Treasury?
@@chiquita683interesting observation, makes me want to hear more. Never thought of that dynamic ,green back statues lol.
He pays more in tax than pinkos who moan about Capitalism.
@@chiquita683 Stupid comment. He does.
@@Zagirus He is a pinko.
This is so good for Bitcoin.
He recently has said that there's no great opportunities currently in the market, shows how large is BRK standing cash position. Then, he goes there and sells an "even better business" than all others BRK owns. He clearly circumvented the question to not answering it.
Yes, he could have bought a ton of Google over the last 2 years and made close to a 100% profit. Instead he makes a real return after inflation of about 1% on treasuries. 🤔
I read that Benjamin Graham book in the late 80s. I always remember his coin flipping example.
what book?
@@Samurai_of_95 The title of the book is “The Intelligent Investor”. Graham also cowrote another famous book with David Dodd titled “Security Analysis”.
The problem we have is because Most people always taught that " you only need a good job to become rich. These billionaires are operating on a whole other playbook that many don't even know exists.
Money invested is far better than money saved, when you invest it gives you the opportunity to increase your financial worth.
It is remarkable how much long term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent.
The wisest thing that should be on everyone mind currently should be to invest in different streams of income that doesn't depend on government paycheck, especially with the current economic crisis around the world. This is still a time to invest in Stocks, Forex and Digital currencies.
I also keep seeing lot's of people testifying about how they make money investing in Stock, Forex and Crypto Trade(Bitcoin) and I wonder why I keep loosing. Can anyone help me out or at least advice me on what to do.
Even with the right technique and assets some investors would still make more than others. As an investor, you should've known that by now that nothing beats experience and that's final. Personally I had to reach out to a stock expert for guidance which is how I was able to grow my account close to $35k, withdraw my profit right before the correction and now I'm buying again.
He used a lot of words to say much of nothing. Just say we no longer saw value in it the way we used to. The perceived value is why you invested to begin with.
Such a legendary man ❤️ indeed Nebraska so lucky to have him
This was hard.... god bless you Mr Buffett and may god bless our friend Charlie up there.
So. Why did he trim apple. He did not answer the question.
to save taxes, which he then lied about
@@removechan10298 What was the lie?
@@nosteinnogate7305 the lie where he talks about loving taxes and paying 21% for an hour when he just said they paid 8% and he changes his positions for tax purposes (more than likely)
remember when he sold tsm at $65 and it went up 100%
And sold Costco in 2020 before in went up over 160%. And lost around $3 billion selling the airlines stocks at the COVID panic low. And a long list of other bad decisions over the last 10 years.
Your lessons always contain a lot of useful information about trading. Thanks for your valuable help!
A normal way to finance business operations and a business as-usual activity. In the course of business financing a firm sell asset or operationalize idle capacity (in labor or capital) to pay for casb outflows. And looking at Apple's prospects in a 5-10 year long term plan its good to relook at capital allocations especially given your substantial position just in one firm.
somewhat hard to follow his train of thoughts
I am an active duty service member and I have been investing for a few years. I have reached a point where I could benefit from financial advice to improve my $160k portfolio which seems to be stagnant and maximize return on my investment.
You didn't provide detailed information about your portfolio makeup. However, I recommend seeking guidance from a financial advisor for a well-informed portfolio restructuring.
De-risk your portfolios, shore up your core holdings, and take some profits while balancing your portfolio allocations. I’d also suggest you go with a managed portfolio, but even those don’t perform so well, so it’s best you reach out to a fiduciary financial advisor to guide you, that’s what works for my wife and I. It's been 6 years now and we've grown our portfolio to $1m.
Your advisor seems competent. Could you share how I can reach out to them? I've recently sold some property and i am interested in investing in stocks.
I'm cautious about giving specific recommendations as everyone's situation varies. Consider independent financial advisors like "Monica Shawn Marti " I've worked with her for 9 years and highly recommend her. Check if she meets your criteria.
I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip
He didn't obviously state the reason as to why he offloaded Apple shares. It's bit of a share that someone like Warren Buffet is not being fair to the stakeholders.
I just sold my iPhone for a Huawei. 4GB Ram for 8GB ram for 1/4 price 😂😂
I bet as people become more literate on computer specs, people will start buying other brands
As he nervously rubs both his legs and knees under the table immediately after the question about his dumping Apple stock so as not to trigger the stock tanking before he unloads the rest of his position. Warren is smart.
nonsense. hes trimmed.
what is blud talking about
😂
@@magalengo I was 50/50 on whether anybody in this comment section would understand that reference lol
always look forward to new videos on your channel. Thanks for making trading so fun!
Apple comprises 50% of Berkshire Hathaway since 2018 (only very recently reduced to 40%). Apple stock was up 300% in the past 5 years and yet Berkshire Hathaway was only up 103%. To do a simple math : this means the rest 50% of the portfolio must be down about 100%. So I would just buy Apple and call it a day.
his genetics are amazing, however it seems to have run its course... stock investing is always clouded with massive uncertainty, what are we expecting? a shortcut? Tax payback to restore the balance is a sound idea, however all the greedy folks hate the idea.