Behind Buffett’s $18 Billion Apple Bet – Wall Street Journal (subscription)

Warren Buffett loves to say, “If there’s lots of technology, we won’t understand it.” But even he sees reasons to buy Apple Inc.

Berkshire Hathaway Inc., Mr. Buffett’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 Berkshire’s largest equity holdings.

Apple, near its all-time high…

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