1. Forum
  2. Usenet
  3. COMP.SYS.MAC.SYSTEM

  • Warren Buffett summarily dumped 56 percent of his Apple stock holdings

    From david@21:1/5 to All on Sun Aug 4 08:59:26 2024
    XPost: misc.phone.mobile.iphone

    On Saturday, in a filing with the SEC, Warren Buffett revealed that he had dumped almost half of his Apple stock. Earlier this year, the company sold
    a smaller number of shares, bringing the total sold this year to more than
    500 million shares, representing 56 percent of Berkshire's total stake in Apple.

    https://www.inc.com/jason-aten/6-words-explain-why-warren-buffett-just-dumped-half-of-his-160-billion-stake-in-apple.html

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Tyrone@21:1/5 to david on Sun Aug 4 15:49:12 2024
    XPost: misc.phone.mobile.iphone

    On Aug 4, 2024 at 10:59:26 AM EDT, "david" <this@is.invalid> wrote:

    On Saturday, in a filing with the SEC, Warren Buffett revealed that he had dumped almost half of his Apple stock. Earlier this year, the company sold
    a smaller number of shares, bringing the total sold this year to more than 500 million shares, representing 56 percent of Berkshire's total stake in Apple.

    https://www.inc.com/jason-aten/6-words-explain-why-warren-buffett-just-dumped-half-of-his-160-billion-stake-in-apple.html

    He spent $40 billion on Apple stock over the years. He sold ALMOST half of
    that stock and pocketed $76 billion.

    That's a pretty good return on investment. Because Apple stock is currently at its all-time high.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Alan Browne@21:1/5 to david on Sun Aug 4 12:27:01 2024
    XPost: misc.phone.mobile.iphone

    On 2024-08-04 10:59, david wrote:
    On Saturday, in a filing with the SEC, Warren Buffett revealed that he had dumped almost half of his Apple stock. Earlier this year, the company sold
    a smaller number of shares, bringing the total sold this year to more than 500 million shares, representing 56 percent of Berkshire's total stake in Apple.

    https://www.inc.com/jason-aten/6-words-explain-why-warren-buffett-just-dumped-half-of-his-160-billion-stake-in-apple.html


    Warren Buffet does not do:

    - summarily
    BH sold off the stock in an orderly manner in order to not cause a run.
    They don't want the price to collapse while converting.

    - dump
    Same reason


    What he does do from time to time is increase BH liquidity in order to
    be in position to make other purchases.

    The sale netted (on just half of owned shares) some $76B and free'd up
    $110B in cash.

    For perspective: that's enough cash (just the profit: $76B) to buy out
    the top 5 US airlines with cash to spare.
    (Not a good cash cow these days).


    --
    "It would be a measureless disaster if Russian barbarism overlaid
    the culture and independence of the ancient States of Europe."
    Winston Churchill

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)