Buffett explains why he sold apple stock #warrenbuffet #apple #applestock

let's start just given what you mentioned there was some news that came out in the 10q this morning it shows that Burkshire sold another 115 million shares of Apple in this last quarter that's berkshire's largest holding and I I think in that vein we'll start with a question from Sherman lamb he is a 27-year-old Berkshire hathway Class B shareholder uh from Malaysia he asks um last year you mentioned Coca-Cola and American Express being berkshire's two long duration partial ownership positions and you spent some time talking about the virt virtues of both these wonderful businesses in your recent shareholder letter I noticed that you have excluded Apple from this group of businesses have you or your investment manager views of the economics of Apple's business or its attractiveness as an investment changed since Berkshire first invested in 2016 uh no I would the but we have sold shares and uh I would say that at the end of the year