Behind Buffett’s $18 Billion Apple Bet – Wall Street Journal (subscription)
Warren Buffett loves to say, â€œIf thereâ€™s lots of technology, we wonâ€™t understand it.â€ But even he sees reasons to buy Apple Inc.
Berkshire Hathaway Inc., Mr. Buffettâ€™s conglomerate, more than doubled its Apple stake in early January and now owns about 133 million shares, or 2.5% of total shares outstanding, Mr. Buffett said Monday on CNBC. Apple is now one of Berkshireâ€™s largest equity holdings.
Apple, near its all-time high…
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