If certain shareholders have made knowntheir oppositionto Tim Cook's $99 million compensation in 2021, this is not the case for Warren Buffett. It must be said that the investor has every reason in the world to rejoice in the work of the Apple boss.
Apple is a goose that lays golden eggs for Warren Buffett
His company Berkshire Hathaway began buying shares in the Cupertino firm in 2016. Little by little, its stake rose to reach a 5% share of the apple brand. Given the meteoric rise in his value, Warren Buffet has earned $100 billion in less than six years, according to the channel's estimates.CNBC.
Known for his flair in financial investments, the billionaire is not his first attempt. But his success at Apple is beginning to recall another famous investment he made in the past.
As a reminder, he started buying Coca-Cola shares in 1988. It was a good thing for him since they have since increased… by 2000%. He now owns more than 400 million shares of the food giant and is not about to let go of them.
In this context, we understand a little betterthe praisefrom Berkshire Hathaway to Apple in its annual letter to shareholders. The Cupertino firm is cited as the second of the four giants in the company's portfolio.
Tim Cook is described as “brillant PDG". Warren Buffett adds that the Apple CEO “rightly considers users of Apple products to be his first love, but all his other clients also benefit from Tim's managerial touch».
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By : Keleops AG
