Warren Buffett admitted to selling Apple stock too soon and expressed willingness to buy more if the price drops, but not in the current market. He praised Tim Cook’s leadership and highlighted Apple’s significant contribution to Berkshire Hathaway’s profits. Buffett also announced the return of his famous charity lunch auction.
Buffett Admits Apple Sell Was Premature, Signals Potential for Future Purchases (But Not Now)
Warren Buffett has revealed he regrets selling Apple stock too soon, expressing a willingness to repurchase shares if the price becomes attractive – though he believes current market conditions aren't favorable. The billionaire investor shared these insights during a CNBC interview, coinciding with the announcement of the return of his renowned charity lunch.
Key Points
- Warren Buffett stated he sold Apple stock prematurely and would consider buying more, but not at current market valuations.
- He indicated a potential for future purchases, stating, "It's not impossible that Apple would get to a price, we would buy a lot of it. But not in this market."
- Buffett also announced the revival of his charity lunch auction.
“I sold it too soon. But, I bought it even sooner, so,” Buffett told CNBC’s Becky Quick. Despite previously trimming Berkshire Hathaway’s stake in Apple to $61.96 billion by the end of last year, Apple remains the conglomerate’s largest holding.
Buffett emphasized his continued confidence in Apple, noting that Berkshire Hathaway has already generated over $100 billion in pre-tax profits from the investment. He also praised Tim Cook’s leadership, suggesting Cook has excelled in a role previously held by Steve Jobs.
“Tim Cook has done better with the hand. Steve Jobs — he couldn't have done what Steve Jobs did — but Steve Jobs handed him a hand that Steve would not have done as well,” Buffett said. He further described Cook as a “fantastic manager” and a skilled diplomat.
Buffett stepped down as Berkshire’s CEO at the beginning of 2026, but continues to serve as chairman. He also highlighted that the current market conditions are not conducive to further Apple purchases, as both the Dow Jones Industrial Average and the Nasdaq Composite are experiencing a correction.
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