Apple: The Buffett effect

Apple was up more than 4% by Thursday 3 p.m. on a $1 billion bet by Warren Buffett’s Berkshire Hathaway.

Buy low, sell high.

See Reuters, Bloomberg, Fortune, Forbes and the Wall Street Journal.

UPDATE: Berkshire Hathaway bought the shares, not Buffett. See here.

7 Comments

  1. John Kirk said:

    “Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years.” ~ Warren Buffett

    3
    May 16, 2016

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