Berkshire Hathaway CEO stressed relationship at annual meeting attracting Apple CEO Tim Cook, Bill Gates and Bill Murray
The billionaire investment tycoon Warren Buffett has stressed his empire will remain a key investor in Apple after it sold billions of dollars’ worth of shares in the iPhone maker.
Thousands of shareholders in Berkshire Hathaway, Buffett’s sprawling conglomerate, have flocked to Omaha, Nebraska, for the firm’s annual meeting – dubbed Woodstock for Capitalists – this weekend.
Before the meeting, Berkshire’s latest earnings revealed that the value of its gigantic stake in Apple – one of the US’s largest companies – had fallen to $135.4bn in March, from $174.3bn in December.
Buffett, 93, has been paving the way for a new generation of leaders to take over Berkshire, which he has led for more than half a century. Charlie Munger, his veteran right-hand man, died in November, aged 99.
Addressing Saturday’s meeting, Buffett insisted his belief in Apple – whose CEO, Tim Cook, was in the room – had not wavered.
