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NNTP-Posting-Date: Sun, 04 Aug 2024 15:49:12 +0000
From: Tyrone <none@none.none>
Newsgroups: comp.sys.mac.system,misc.phone.mobile.iphone
Subject: Re: Warren Buffett summarily dumped 56 percent of his Apple stock holdings
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On Aug 4, 2024 at 10:59:26 AM EDT, "david" <this@is.invalid> wrote:

> On Saturday, in a filing with the SEC, Warren Buffett revealed that he had
> dumped almost half of his Apple stock. Earlier this year, the company sold
> a smaller number of shares, bringing the total sold this year to more than
> 500 million shares, representing 56 percent of Berkshire's total stake in
> Apple.
> 
> https://www.inc.com/jason-aten/6-words-explain-why-warren-buffett-just-dumped-half-of-his-160-billion-stake-in-apple.html

He spent $40 billion on Apple stock over the years. He sold ALMOST half of
that stock and pocketed $76 billion.

That's a pretty good return on investment. Because Apple stock is currently at
its all-time high.