“We held very few [electronics makers such as Apple] in the past and we’re likely to hold very few in the future,” the chairman of Berkshire Hathaway said in Daegu, South Korea, today. 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. “Even though Apple may have the most wonderful future in the world, I’m not capable of bringing any drink to that particular party and evaluating that future,” Buffett said.[Bloomberg]
Warren Buffett Won’t Have Berkshire’s Impending Apple Loss On His Conscience
FYI none of this was his idea!