Buffet on Apple - Common Sense!
Tweet me! Bloomberg has Warren Buffet saying:
"Warren Buffett said he’ll probably prolong his aversion to electronics makers such as Apple Inc. (AAPL) because their business prospects are harder to predict than companies such as Coca-Cola Co. (KO)
“We held very few in the past and we’re likely to hold very few in the future,” the billionaire chairman of Berkshire Hathaway Inc. (BRK/A) said in Daegu, South Korea, today, referring to electronics makers. Coca-Cola, based in Atlanta, is “very easy for me to come to a conclusion as to what it will look like economically in five or 10 years, and it’s not easy for me to come to a conclusion about Apple,” he said".
He's absolutely right. Not only does Warren not know what lies in store for Apple's future, nobody else does either. Combine that with the fact that everyone is acting like they do know what lies in store for Apple's future - with the majority preaching abject and unfettered success if not domination, spells opportunity.
See my post from earlier this morning - How the “I Love Apple, There Is No Other Fever” Adds To The Attractiveness Of An Ever So Unpopular Apple Short and More On Realistic Views of Apple and the Undervaluation of Google.
Image Gallery
ReggieMiddleton: Google Spreads Launches Plethora Of Game Changing Products & Initiatives Causing Analysts To Scramble To... http://t.co/lCe4U128lQ
ReggieMiddleton: Google Spreads Launches Plethora Of Game Changing Products & Initiatives Causing Analysts To Scramble To BoomBustBlog http://t.co/7Hf7fdoRqr
ReggieMiddleton: Attached pic compares my Internet influence to that of Bloomberg & Reuters. Interesting considering depth of analysis http://t.co/khhWurT5xeTopics
Latest comments
- Google Q2 2013 Update: Valuing...
I like ARMH as well, but as you said... 80x+ trailing PE. Even if you ...
16.05.13 10:15
By ReggieMiddleton - Google Q2 2013 Update: Valuing...
In my humble view, ARMH is a better bet and stock risk now is overall ...
15.05.13 02:18
By Dar - Short Term Gain Brings About L...
If everyone was on board instead of being consumed in themselves they ...
11.05.13 01:10
By Dr. Nathanial David - Preparing Resources To Shop Fo...
:lol: Well done Reggie, thanks for the post, god knows it is a sad sta...
10.05.13 17:28
By jynx101 - It's Not Just Reggie Warning I...
Buy precious metals and physically HOLD it. :-)
08.05.13 17:38
By Rourke


