Jump to content
RV_

Warren Buffett loses nearly $4 billion as Apple sinks

Recommended Posts

Warren Buffett's Berkshire Hathaway lost more than $3 billion Friday as Apple's stock headed for its worst day on Wall Street in more than four years.

Apple — poised to post its fifth consecutive week of losses for the first time since 2012 — was last seen down more than 6.9 percent, on track for its worst one-day move since January 2014. The Oracle of Omaha owned more than 250 million shares of the Cupertino, California-based company as reported in Berkshire's latest holdings filing at the Securities and Exchange Commission.

At Friday's low price for Apple of $206.38, Buffett is down $3.99 billion. At current prices midway through the trading day, Buffett las lost $3.7 billion on paper. Apple closed at $222.22 on Thursday before the disappointing report."

Warren loses billions

Share this post


Link to post
Share on other sites
3 hours ago, TLRam1 said:

I saw the headline but didn't read it.

Me neither. I really don't spend a lot of time worrying about Mr.B and his friends. 🙄

Share this post


Link to post
Share on other sites

"He also called the iPhone "enormously underpriced," saying that it's worth far more than the $1,000 Apple charges."

 

I'll bet ol' Warren would be hard pressed to fill a room with people who agree with that.

Share this post


Link to post
Share on other sites
7 hours ago, Dutch_12078 said:

I'm pretty sure he can still afford those McDonald's McMuffins he favors for breakfast.

We could start a "go fund me" page to help the poor fellow out?

 

Share this post


Link to post
Share on other sites
15 minutes ago, Kirk Wood said:

We could start a "go fund me" page to help the poor fellow out?

 

McDonald's would probably give the McMuffins to him just for the endorsement publicity... ;) 

Share this post


Link to post
Share on other sites

You don't make any profit or suffer any loss until the position is closed.  Berkshire Hathaway has been a long time holder of Apple stock.  So I would assume their cost basis is well south of today's price. 

Jim

Share this post


Link to post
Share on other sites

Hey Jim!

It would have been less painful if he hadn't upped his Apple shares just a few months ago.

This from that article:

"Apple's stock sank after the company's iPhone shipments for last quarter fell short of analyst expectations. The company also issued a financial outlook for the rest of the year that underwhelmed some investors. Those factors foiled the company's stronger-than-expected earnings and revenue.

However, Buffett's losses are likely even more painful: he told CNBC at the end of August that he bought more Apple shares since the end of June , when he reported that he bumped his stake up by 5 percent.

"We bought just a little [more]," he said about two months ago on CNBC in an interview with Becky Quick ."

Yes guys I agree! I'm sure he can afford whatever he wants.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...

RVers Online University

campgroundviews.com

Our program provides accurate individual wheel weights for your RV, toad, and tow vehicle, and will help you trim the pounds if you need to.

Rv Share

Rv Insurance Benefits.com Logo

Dish For My RV.

Find out more or sign up for Escapees RV'ers Bootcamp.

Advertise your product or service here.

The Rvers- Now Streaming

AGS Now Hiring

RV Pet Safety

RVTravel.com Logo



×
×
  • Create New...