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mvkel 2 hours ago

Berkshire's investment in Apple is responsible for ~50% of its portfolio success in the last 20 years.

The rest is insurance.

Respect to the man for running an operation for 60 years. That's a helluva feat that deserves a lot of admiration.

Still surprised at HN's glazing of someone whose life's mission was to make a number go up and to the right via insurance packages.

badlibrarian 2 hours ago | parent | next [-]

Buffett's restraint was legendary and his transparency even more so.

Bill Gates also initially dismissed him, thinking he had nothing to learn.

General Electric also tried to "make a number go up" and effed up the insurance part despite having Buffett as a model and putting 10,000 people through their custom management training facility every year.

Raise a glass to the man and read his letters.

brcmthrowaway an hour ago | parent | prev [-]

Did Berkshire investing in Apple shares help Apple achieve success?