Warren Buffett's Apple bet ranks among the 'best investments ever,' Berkshire Hathaway shareholder Bill Brewster says
But Bill Brewster — a Berkshire shareholder who runs Sullimar Capital Group and cohosts the "Value: After Hours" podcast — told Business Insider this week that the famed investor remains as sharp as ever.
"The criticism is laughable," he said. "Buffett made one of the best investments ever when he bought Apple." Berkshire shelled out about $35 billion to amass 245 million of the iPhone maker's shares between 2016 and 2018. Apple stock has soared since then, boosting the value of Berkshire's stake to north of $90 billion today — a gain of more than $55 billion."It's nearly impossible to put that kind of money to work," he said, especially in "one of the most well-known companies in the world at a time many others were scared.
Berkshire has made several significant moves in recent weeks, undercutting claims that Buffett has lost his touch.
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