Recently, it was disclosed that the Berkshire Hathaway conglomerate, led by Warren Buffett, further increased its stake in Apple shares, a company for which Buffett has great admiration.
In an interview with CNBC last Wednesday (12), the billionaire highly praised the CEO of Apple, Tim Cook, for, according to him, leading the company in an extraordinary and very effective way.
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Warren Buffett further stated that Cook is one of the smartest and smartest CEOs he has ever met and that he really understands business.
At one point in the interview, the investor also highlighted his loyalty to the brand, stating that users "wouldn't give up their iPhones even for $10,000".
“If you're an Apple user and someone offers you $10,000 but the only condition is that they take away your iPhone and you can never buy another one, you're not going to take it,” he said.
In addition, Warren explained why Berkshire Hathaway owns many shares of AAPL (acronym that represents Apple in the financial market). According to him, investing in Apple is really a good deal to do, both for users and investors.
He explained that his company's ownership of Apple's capital increases every year because the owner of the iPhones buys back its shares instead of issuing new shares, as some companies do.
What about ChatGPT, Warren?
In the same interview, Warren Buffett also commented on the “boom” of artificial intelligence and services such as ChatGPT, explaining that, despite admiring it, he doesn't understand much about the subject.
He reported that it took, honorably, Bill Gates to visit him and show the power of this artificial intelligence and how technology could help him, if he decided to start using it.
Finally, Buffett was open to trying new technologies, but questioned whether these innovations will really be useful for most people.
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