Buffett Approves of Apple’s Buyback Plan
Berkshire owns more than 60 businesses. Women are replica bags chief executives at six of those businesses, and the Berkshire owned Ben Bridge Jeweler named Lisa Bridge as wholesale replica designer handbags president late last year to run the jeweler’s day to day operations.
“I have two sisters who are absolutely as smart as I am, and they have better personalities,” he said. “They didn’t remotely have the same opportunities as I had.”
best replica designer bags Mr. Buffett said there was still a “pipeline problem” replica Purse in corporate America, making it aaa replica designer handbags hard Fake Designer Bags to find as many qualified women to lead companies. best replica designer bags
replica bags china Since Berkshire first purse replica handbags invested Fake Handbags in the iPhone maker about two years ago, the stake has grown into Berkshire’s largest holding. At the end of the first quarter, Berkshire owned Handbags Replica $40.7 billion of high quality replica handbags Apple’s shares, up from $28.2 billion at the end of 2017. replica bags china
So what does Warren Buffett think about Apple’s announcement that it plans to buy back $100 billion of its shares?
“I’m delighted to see them repurchasing shares,” Mr. Buffett Replica Designer Handbags said. “We own 5 percent of it. With the passage of a little time, we may own 6 or 7 percent because they repurchase shares.”
Charles Munger added that he and Replica Bags Wholesale Mr. Buffett don’t approve of every buyback plan, but he doubted Apple would find an acquisition target at a good price.
high end replica bags “The reason companies are buying their stocks is that they are smart enough to know it’s better for them than anything else,” Mr. Munger said. high end replica bags
What about Microsoft?Given Berkshire’s investment in Apple, one shareholder wanted to know why Berkshire never invested in Designer Replica Bags Microsoft. The question came with Bill Gates, Microsoft’s co founder and a director at Berkshire, sitting in the audience.
“In the earlier years, the answer is stupidity,” Mr. Buffett replied. But Wholesale Replica Bags then Mr. Buffett added that his friendship with Mr. Gates has grown over the years, and he has stayed away from investing “because of the inference” that could be drawn. Buffett has famously avoided investing in tech companies because he didn’t understand them. But one replica handbags online investor Designer Fake Bags wanted to know if Mr. Buffett’s stance is evolving. Beyond Apple, the questioner pointed out that Amazon and Google parent Alphabet have the characteristics of companies Mr. Buffett typically likes to invest in: strong brand names and little competition.
Here’s the reason Mr. Buffett gave for not investing in Amazon:
“The truth is that I’ve watched Amazon from the start, and I think what Jeff Bezos has done is something close to a miracle. The problem is if I think something will be a miracle, I tend not to bet on it.”
As for Alphabet, Mr. Buffett said that he had “made a mistake.” He https://www.handbagsmerchant.com said he was unable to conclude that at Alphabet’s present prices, its “prospects were far better than the prices indicated.”
good quality replica bags He then explained that he didn’t invest in Apple because it was a tech stock. “I went into Apple because I came to certain conclusions about the value with which the capital was being deployed and about the ecosystem,” he said. good quality replica bags
replica designer bags The discussion did lead to one of the more humorous exchanges of the meeting: replica designer bags
high replica bags Mr. Munger: “I’ve been to Google headquarters. It looks to me like a KnockOff Handbags kindergarten.” high replica bags
Mr. Buffett: “A very rich kindergarten.”
high quality replica bags One thing Mr. Buffett and Mr. high quality replica bags
best replica bags online “Cryptocurrencies will come to bad endings.” Mr. Buffett said, responding to an attendee from Ukraine. best replica bags online
aaa replica bags Mr. Buffett’s main argument against cryptocurrencies is the same one he has made about gold: They are not a “productive asset.” That means the value of cryptocurrencies is determined solely by what someone is willing to pay for it. aaa replica bags
“If you had bought gold at the time of Christ and you figure the Replica Bags compound rate on cheap replica handbags it, it’s a couple tenths Replica Handbags of a percent,” Mr. Buffett said.
replica bags from china But his criticism didn’t stop there. He said cryptocurrencies attract a lot of “charlatans” replica handbags china and “people of less than stellar character.” replica bags from china.