Buffett's Apple Bet: From $35 Billion to $185 Billion
Warren Buffett's investment in Apple (AAPL) has grown from $35 billion to $185 billion pretax over the past decade, making it his largest holding and arguably one of his best investments.
Buffett had initially been hesitant to invest in technology stocks due to a lack of understanding but eventually made a commitment to move 10% of Berkshire Hathaway's resources into Apple stock, spending $35 billion in 2016. This investment turned out to be a great bet as the stock has increased in value over time.
The key takeaways from this long-term commitment to Apple are that Buffett values buying great businesses at fair prices and investing in companies with strong leadership and management. In this case, former CEO Tim Cook's leadership played a significant role in turning Berkshire's investment into $185 billion pretax.