The times when Warren Buffet did not invest in technology companies, they seem really finished.
In fact, the new shares of Apple that the Berkshire Hathaway fund added to its already important position (at the end of 2017 were 165 million shares) in the first quarter of 2018 are 75 million.
"An incredible company"
These were the words of Buffet in reference to Apple.
"If you look at the profits of Apple, you realize how this company earns twice the second most profitable company in the United States," added Buffet.
Affirmations that proved to be correct, especially after the company reported stellar results in the first quarter of 2018.
These Buffet statements are made known on the eve of the annual meeting of shareholders of the Berkshaire Hataway, which, like every year, will be held in Omaha, the city where Warren Buffet lives.