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Buffett's Apple investment has earned over $100 billion, and he has for the first time admitted to selling too early.
According to CCTV Finance on April 1, Warren Buffett stated in an interview that he is still deeply involved in the company’s investment decisions and added that he recently made a “very small” new investment, but did not provide further details. During the interview, he also for the first time admitted that he sold Apple (AAPL.US) stock too early.
Buffett: “I did sell early, but I also bought early, so overall, this investment has earned us over $100 billion before taxes. I don’t have the ability to predict how stocks will move next week or next month; if the price is cheap enough, I will buy.” Data shows that even though Berkshire Hathaway reduced its Apple holdings to $61.96 billion at the end of last year, Apple remains the company’s largest holding. Additionally, Buffett also revealed that he will co-host a charity lunch event with NBA star Stephen Curry and his wife.