Warren Buffett popped up on American TV this morning to talk about this and that and how his investment firm Berkshire Hathaway casually dropped $US10.7 billion to become IBM’s largest shareholder, and… waaaaaaaaaaaaaait… WHOA.
Billionaire Warren Buffett on Apple: “Even though Apple may have the most wonderful future in the world, I’m not capable of bringing any drink to that particular party and evaluating that future… I simply look at businesses where I think I have some understanding of what they might look like in five or 10 years.” [Bloomberg]