Apple received a $1 billion investment from one of the most influential investors in the world
They call him the "Oracle of Omaha" because he just seems to know how to pick stocks that go up.
Still, Warren Buffett (and his deputies) aren't perfect.
Buffett's company, Berkshire Hathaway, dropped about $1.1 billion on Apple stock in the first quarter of 2016, snapping up 9.8 million shares in the company, according to a company filing on Monday.
It's Buffett's first major bite of Apple, and so far, it's a bit sour.
Apple's stock has struggled so far this year after reporting its first sales decline in more than a decade. Buffett's original investment is now worth about $888 million, a decline of more than $200 million in a matter of months.
Companies like Berkshire Hathaway are required by the Securities and Exchange Commission to disclose their investments at the end of each quarter, meaning that four times a year the public gets a look at how some of the biggest investments are positioned.
Tweet may have been deleted
Buffett's investments, through Berkshire Hathaway, are some of the most closely watched. His career has become legendary among investors. Buffett began selling chewing gum as a six-year-old to one of the richest self-made people in history.
His net worth is now estimated to be around $66 billion, according to Forbes.
Buffett's popularity means that when he buys certain stocks -- or more precisely, when it's revealed he has purchased certain stocks -- they tend to go up partially just due to his influence.
That appeared to happen on Monday morning, as Apple shares rose 2.2% to start the week.
It is, however, important to note that reports indicate Buffett himself did not make the investment. It was made by one of his deputies, who also have control of billions of dollars in investment capital.
Tweet may have been deleted
Even without Buffett's personal touch, the move came as a bit of a surprise. Buffett is known for avoiding tech companies, since they tend to be rather expensive by some classic investing metrics.
That position seems to be changing slightly. Buffett has also been associated with a bid for Yahoo, although only in terms of financing for another party.
(责任编辑:产品中心)
- 11 Places to See Tiny Trains
- MIT's thermal resonator generates electricity from the air's daily temperature cycle
- Meet Friar Pup, the cutest new member of The Franciscan Monastery
- 新会陈皮之夜!玩转新会陈皮的N种方式
- World's first 18650
- 对分数加法教学的一点思考
- 巅峰竞技!江门在粤港澳大湾区人力资源服务技能大赛获三等奖
- Nifty machines use rocks to play perfect cover of 'Here Comes the Sun'
- Pressure boost squeezes out more hydrogen from artificial leaves
- Court orders NK leader to compensate families of fallen sailors
- Paterno knew about Sandusky abuse in 1976, unsealed documents say.
- 图集|鱼!鱼!鱼!水产种博暨海洋牧场产业大会开展!
- 24 Museums Dedicated to Black History
- Paterno knew about Sandusky abuse in 1976, unsealed documents say.
- Eng name ODI, T20I squads for Aus series
- 大咖汇丨2023水产种业高质量发展论坛,各路专家齐聚共话渔业种业新发展
- WFP chief meets S. Korean ministers to discuss N. Korea food situation
- Foreign ministry welcomes Senate confirmation of Biegun as deputy secretary
- The Measurers
- Google's ARCore SDK brings AR creation tools to Android