Warren Buffett explains Why He Sold Apple Stock | Berkshire Hathaway 2024

[@YAPSS]

YAPSS eBook | Collection: Charlie Munger Investing Advice, Life Advice & Others ► Shop Now: www.yapss.com/products/collection-charlie-munger

[@Dividendflywheel]

Thanks for this video. Listening to it in isolation, emphasizes the rationale of his decision

[@davidtodd1037]

The man's a genius. Let me sum up what he just said. Berkshire sold Apple now so they will pay only 21% in taxes. With the political uncertainty ahead in an election year and current economic uncertainty that rate could go to 35% or more in the near future. He is looking to free up cash and not gamble losing tens or hundreds of millions of dollars if the next administration raises the tax rate. It has nothing to do with Apple as a company, it's all about freeing up money for future investments when the time is right.

[@milosdj234]

Yes, correct

[@magalengo]

@@davidtodd1037 If that was true, why not sell other stocks like Coke and American Express? Buffett is lying and just double talking.

[@JJ-mv6wq]

@@magalengoare you seriously asking this? Apple has done the profit (which will be taxed), those other two, not so much.

[@Dividendflywheel]

I think he has 5X his initial investment in Apple. But allocation to tech is not diversified across the compounder’s in that sector

[@Art-is-craft]

That is not what Buffett said.

[@rtrvatan9849]

He purchased Apple in 2016/2017, at a average price around $35 per share. The stock price at this moment is around $225. He made an excellent Invesment, and he cashed a part of this profit. Apple is still 30 percent of his portfolio.

[@johnathanvale8634]

But I don't like how he lied. The investment thesis for Apple isn't the same as it was 7-8 years ago

[@malingajosephkirk1045]

​@@johnathanvale8634 more than agree, there's a lot of uncertainty

[@double_joseph327]

@@johnathanvale8634he didn’t lie… no one can tell the future

[@PurpleFiiilth]

@@johnathanvale8634 Investment thesis will be different for everyone, he's saying his thesis hasn't changed in regards to Apple. If you disagree you should explain why.

[@tommydong8070]

Apple's stock price was never around $35/share back then. But if you cited that price, you need to point out that is the 4:1 split adjusted price.

[@RusuSilva]

Every time a household name like Warren makes a big move, it instantly creates uncertainty in the markets. 75% of my $400k portfolio comprises of plummeting stocks which were once revered. Do i liquidate and bear losses or just hold on?

[@RichardMoore-jg5tl]

Well all i know is that you cannot go wrong taking profit at near high. No one ever went broke taking a 10% loss. It's best if you consult with a fiduciary advisor to get informed buying & selling decisions..

[@RossiPopa]

I agree, investing with the help of an advisor set me up for life. Retired with about $1.6m in stock portfolio only. I max out my 401k and have few properties. I worked hard everyday as a teacher for 32 years, and my salary was over 100k annually. Supplementing my income with stocks and alternative investments helped me achieve early retirement.

[@RossiPopa]

Monica Shawn Marti is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

[@Cryptic.0_o]

If you are a long-term investor and you have faith in the quality of thr companies that you hold, there is no reason to sell. Timing the market is a fools errand

[@MrSomvanshi-hf5tj]

If you have invested in quality companies and high gross margin industries you don't need to worry. Depends on your portfolio and you fan share a few names and i can help you out. Im up 31.25 % for year without any fancy names but just high quality business . I will be happy to help and guide you if you need any

[@a120068020]

Guy is still razor sharp. They'll never be another Warren and Charlie.

[@bilalumer720]

Buffet want to tell his making cash tower due rax but is due to technology breakout which is expected in coming years everybody will see

[@malingajosephkirk1045]

​@@bilalumer720What do you mean

[@BoDiddlydodah]

​@@bilalumer720 English please?

[@JakeSlaughterr]

Li lu. Google him and be amazed.

[@mikesummers9103]

In the 5th dimension there are an infinite number of them

[@RickWatson-xu6gw]

Buffet was also selling when the pandemic hit, a great entry point for people of my generation (30s, 40s) and a great period for stocks overall. My question is do you think it's a good time to consider selling some stocks too? I’m considering rebalancing my $2M portfolios and curious for the best strategies to do so.

[@A_francis]

I guess it's important to reassess your investment strategies based on current market conditions. You should also consider a market expert to guide you.

[@benitabussell5053]

Right, a lot of folks downplay the role of advisors until being burnt by their emotions, no offense. During the covid-outbreak, I needed a good boost to stay afloat, hence researched for advisors and thankfully came across one with grit. As of today, my portfolio has grown by 25% every quarter since Q3 2020.

[@ashey-l3y]

I'm intrigued by this. I've searched for financial advisors online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?

[@benitabussell5053]

Marissa Lynn Babula is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

[@BlablahKia]

He answered the question at the end, 1. He sold because he wants to pay less taxes now because he thinks whoever wins will raise corporate taxes 2. He literally says all 3 companies are good and he’ll still have them as his top companies 3. Skip the first half unless you want history

[@Art-is-craft]

No he did not sell to pay less taxes. He sold because they have had very good results on the investments

[@himanshuverma31]

Don’t trust what he says. Trust what he is doing.

[@shanedavison7473]

He sold because Apple has become too expensive really.

[@stefanweilhartner4415]

@@shanedavison7473 yes. and he did not see a new product on the horizon that makes apple bigger. what he was talking was just gobbledygook.

[@Art-is-craft]

@@himanshuverma31 He is cashing in on 10 times returns. That’s what he has done.

[@Raniyanhunter]

As an investment enthusiast, I often wonder how top-level investors are able to become millionaires through investing. I have a significant amount of capital to start with, but I'm unsure about the strategies and direction I should take to help me generate substantial profits like some people are this season.

[@garnold-l5p]

I’m not in a position to offer financial advice, but given the significant amount of capital you're working with, it would be wise to consult a financial advisor who can guide you in developing a strategy tailored to your goals and risk tolerance.

[@Mlanderos-t9e]

Factos!!. After experiencing a major portfolio loss in 2020 amid the COVID pandemic while trying to manage my investments on my own, I reached out to an investment advisor. They helped me turn my $420k into a seven-figure portfolio by providing the guidance and strategy I needed. Having that expertise made a significant difference in my investment journey.

[@Anessa-gibson]

Thanks for sharing your experience! I’ve been managing my portfolio myself, but it’s not working out. Do you have any recommendations for a good investment advisor? I could really use some help.

[@Mlanderos-t9e]

Teresa L. Athas a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.

[@Anessa-gibson]

Thank you so much for the suggestion! I really needed it. I looked her up on Google and explored her website; she has an impressive background in investments. I've sent her an email, and I hope to hear back from her soon!

[@var309]

warren’s like your favourite uncle, a top class economics / business school professor and a street smart stock broker rolled into one. Could listen to him forever.

[@DonkeyFrog]

He is basically saying he is anticipating a corporate tax rise. He sold apple stock to pay the current 21% rate rather than wait for the tax rise and later pay a higher rate on the realized gains.

[@indianajones3315]

You actually believe this?

[@eruben2]

@@indianajones3315which part do you not believe?

[@CoffeeandBarbell]

Is 21% the current tax on Capital Gains in the US market??

[@double_joseph327]

@@CoffeeandBarbellyup trump had it at 21% and it’s about to expire

[@FrankLee-c4h]

But Trump won't raise it which means he has info on the elections that the average person doesn't. He won't move so much money on a possibility but a certainty.

[@ian6548]

My father bought shares back in 2012, and in 2015 back when the share prices were in the $20's. By holding on to it, he's accumulated a nearly 1,000% gain on it.

[@Kin-28-8]

Warren Buffett once said to treat investing in securities like real estate-you don't constantly check for gains. So, the recent bitcoin price drop doesn't bother me. I keep dollar-cost averaging and adding to my position, and I'm up 200% year-to-date because of this strategy.

[@Lewistonwilliams-f5i]

Regretting missing out on earlier Bitcoin investments, I kept funds in a HYSA. Now, with $200k to invest, I aim to avoid FOMO and buying at the peak. What's the best approach for a newbie to navigate the market?

[@Helen_white1]

During bear markets, aim to 5x your portfolio by accumulating crypto and reinvesting dividends. Consult a financial advisor for help. Since 2020, my $1.2m portfolio has averaged 28% annually through restructuring with growth stocks, ETFs, mutual funds, and REITs.

[@Helen_white1]

Jessica Lee Horst is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

[@berniceburgos-]

Wow, her track record looks really good from what I found online.i just messaged her, let's see how it goes. Thanks for the info

[@greatsoldier]

Except Buffet wouldnt buy bitcoin

[@25mL]

Apple hit its pinnacle. Buffet knows it.

[@AnnaOllsson]

Creating wealth entails establishing positive routines, I had only $78k to my name at 42 when I first woke up to this reality. I chose the stock market as a medium of growth, got an excellent financial advisor, Financial management is a vital subject that many avoid, often leading to future regrets.

[@JosephineKenney]

Indeed, currently I'm managing my finances wisely and being frugal. In the last 19 months, my investments grew by 43%, adding over $500K in profits. However, I've had losses in the past month, making me anxious. I'm unsure whether to sell everything or wait.

[@PennyBergeron-os4ch]

No doubt, having the right plan is invaluable, my portfolio is well-matched for every season of the market and recently hit 100% rise from early last year. I and my CFP are working on a 7 figure ballpark goal, tho this could take till Q3 2024.

[@HildaBennet]

This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation

[@PennyBergeron-os4ch]

Her name is SONYA LEE MITCHELL. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@HildaBennet]

She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

[@begbrook123]

It’s refreshing to hear someone finally say that.

[@Peterl4290]

I'm thinking about rebalancing my $2 million portfolios and am wondering what the best ways to do so are. Buffet was also selling when the pandemic struck, which is a great time for people of my generation (30s, 40s) to enter the market and a great time for stocks in general. Do you think it's a good time to consider selling some stocks too?

[@sabastinenoah]

We should exercise caution even when presented with excellent prospects. It is crucial to seek market analysis or counsel from qualified market strategists.

[@bobwright-90]

A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $$275k to $850K...

[@Jamaal67i]

I've been getting suggestions to use one, but where and how to find one has been challenging, Can i reach out to the one you use?

[@bobwright-90]

My CFA Annette Christine Conte a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market

[@Jamaal67i]

She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

[@ojas.11]

Sad to see him getting older. Still he is razor sharp with his memory and concepts. Most people at his age lost the will the live. But look at him at this age answering questions in public meetings. He is not not a indol just for the stock market, but for kind of human being he is.

[@melwson]

Indeed. I could listen to him for hours. It‘s only making me sad to see him getting older and without Charlie.

[@LeeHK2024]

Can some one tell me what direction he will go now . What is the best stocks now Thanks

[@sunilmathew349]

I agree with everything except when he said we should all be willing to pay higher taxes to reduce the deficit. The problem is the government wont use that extra tax money to reduce the deficit and thats why no one want to pay the extra taxes.

[@dannypowers4995]

Exactly, if you can remember back in George H.Bush administration he was told to go against his promise of No New Taxes . He was told to raise taxes and the extra revenue would toward the debt deficit . No, all those extras taxes was spent by 2 times on social programs. Buffett never and I mean never says Washington needs to cut spending. Why? Because it's government spending that has made Warren so wealthy.

[@DIYDaveT]

Government will PISS AWAY every dime they are given.

[@Burgermonster]

I think he meant it for himself and similarly situated firms not so much for the average guy as he has consistently expressed that sentiment many times.

[@SIMARJEETMEHTA]

@@Burgermonster Who knows what he meant this time. Can't jump to conclusions.

[@ayushkumar-bg1xf]

they will use to fund wars in ukraine

[@ashokkumar-lg2ez]

This man is a master class - every-time he says something , it’s loaded ❤

[@HOPPER-m2e]

Warren Buffett’s sale of some Apple shares wasn't a sign that he had lost faith in the company. Instead, it was part of his broader investment philosophy focused on diversification and risk management.

[@johnny_bravo9990]

I hear a lot of news that Berkshire is building up cash , do they know something we don't know? Are they expecting a huge market correction?

[@prithvi1225]

He is best example for us and children to study

[@KevinColt]

he sold to get a higher profit by paying less taxes atm only 21%.. it will increase to 40% and thats a 20% less profits if you have to sell at 40% tax

[@KristensenJørgensen]

(NYSE:ARR) is a high-yield mortgage REIT paying monthly dividends. The stock has a dividend yield of about 14%, as of August 14. If the stock has increased sharply because the business is performing exceptionally well, it could still be a bargain. I'm still looking for companies to make additions to my $350K portfolio, to boost performance. Here for ideas...

[@annaj.osorio]

A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.

[@MagnusLarson-l1o]

This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation

[@annaj.osorio]

Viviana Marisa Coelho is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets.

[@angeladeem2988]

She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

[@rwfrench66GenX]

We need more information for advice. Your age, your income, your assets and liabilities, do you have savings and emergency funds, do you have kids and college tuition funds set up for them, do you have a trust fund set up for them, are you self employed or do you have a job, does your employer match 401k contributions, stuff like that. Once you see what your budget is to invest, if you can reduce liabilities so you can invest more, you’ll be able to get a better idea of how aggressively you can be when you invest. All things considered I personally like biometrics. Right now they’re on phones and computers for security logins but soon they’ll be used passports, credit card processing, security doors in buildings and cars. There are hurdles to clear because the biometric data, your fingerprints, retinal scans, voice prints, will be stored in a central server and when you go to an airport or make a payment it will compare your scan at that time with the stored data to compare. If it matches you’re approved, but that’s the problem. Hardware and software aren’t perfect and they rates of false negatives where it won’t match the scan against your stored data. What’s worst is it has rates of false positives where someone else uses your device and it says they are you and approves them. The Patriot Act makes identity theft a federal crime so biometric security, when it works correctly, would keep people safe. The thing is, there’s a health issue to consider. For retinal scanners if someone had pink eye and used it the next person in line might get it. For fingerprint scanners if someone has a cut and they have hepatitis or AIDS and someone else after them has a cut they might get infected. Different countries around the world have different concerns about the security around the central server that stores all of the biometric data because if anyone hacks that they can make ID’s for anyone.

[@grayboywilliams]

His strategy is very similar to tax loss harvesting. Many investment firms will sell losses to realize the tax deduction at strategic times. His strategy is like the opposite of this, tax gain harvesting, which should only be done when you are confident in the possibility of higher taxes in the future. The nice thing about gain harvesting is that unlike losses, there is no penalty for repurchasing the APPL shares the next day, called a wash sale.

[@chocolatier9597]

Assuming he would sell his shares in the future. I know Buffett likes to invest for the long term and was expecting him to hold on to his shares for a very long time.

[@spsk9025]

Masterclass in abundance mindset -appreciation for the country, for taxes, recognizing generosity, thinking about the wellbeing of all You don’t need to understand a shit about investments, if you look at the principles. What makes a man rich and abundant… wisdom.

[@गुरुगोरखनाथ]

He and Charlie look at the stocks they buy as businesses. Okay, got it.

[@Dividendflywheel]

The Rationale of his decision 5:28 brilliantly articulated. The federal government OWNS a portion of our current and future earnings

[@johandyck]

🎯 Key points for quick navigation: 00:00 *Sold Apple shares* 00:41 *Apple investment unchanged* 01:06 *View stocks as businesses* 02:42 *Market serves investors* 03:23 *Simple investment approach* 04:33 *Building cash position* 05:00 *Paying taxes necessary* 06:32 *Hope to pay taxes* 07:59 *Apple sale minimal impact* Made with HARPA AI

[@peteaulit]

Funny that so many comments focus on the fact they sold Apple shares to lower the taxe rate but none mention the fact that he plainly states that he’s happy to pay $5billion in taxes and maybe more and that IF more companies would pay their fair share we could avoid all other taxes. And this coming from one of the richest man on the planet. How about that, money people?!

[@A1KP]

It's easy to be happy to pay $5 billion when you have a war chest of $300 billion and make about $130 billion a year in profit... While you and I can struggle to pay our living expenses Berkshire can pay $30 billion a year in taxes and not feel it....and they voluntarily could...and should if Mr buffet enjoys the insane spending the federal government does.

[@DeedoDoop]

Well Warren as a individual might be willing to pay a lot in taxes;he *is* a person who claims he will give most of his wealth to charity. However as a businessman he has the legal obligation to maximize the capital of his company and his shareholders. He cannot use Berkshire to satisfy his personal goals, that is all.

[@peteaulit]

@@DeedoDoop I’m fully aware of that but I was just pointing out something. He’s be ousted in a heartbeat if he tried to have BH pay more than they have to.

[@mardini]

But he also states that he's willing to pay 21% now as it is relatively low tax rate. So it kinda contradict what he was saying.

[@peteaulit]

@@mardini it doesn’t. He/the board has a fiduciary responsibility to maximize returns for shareholders BUT he’s ok on a personal level to pay more taxes if he could decide to do so based on the insane profits BH has made over the years. He’s saying that he’s crazy rich but not greedy. Make of that what you will…

[@hookset4137]

To drive the stock price down so he could buy it back before the release of the new iPhone in September?

[@beastmode3600]

Basically saying he’ll rather be safe than sorry. That’s why he’s the 🐐

[@malemaline]

We need more people to hold these values and gratitude to the U.S. Instead of just trying to take as much as possible.

[@yky621]

It sounds like good timing to sell stocks at this price level, building up cash for next target while the tax rate is very good at the moment. Got to pay taxes to government to be in goodwill. Win-win for shareholders and government.

[@the5-starreview871]

I've taken alot of Warren's advice. One of the best is the book, The Intelligent Investor.

[@austinbar]

I’ve had majority of my holdings in tech stocks and I've done pretty well, especially with Apple’s P/E (price to earnings ratio) but with much uncertainty now, my question is what stocks can be the next APPL in terms of growth for the next decade?

[@rogerwheelers4322]

There are many other interesting stocks in many industries that you might follow. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire.

[@joshbarney114]

When it comes to investment, diversification is key. That is why I have my interests set on key sectors based on performance and projected growth. They range from the EV sector, renewable energy, Tech and Health (AMD) alongside coins, and gold. I'm also working on an investment plan with my Fin. Advisor that includes AI looking into Nvidia, MSFT, Alphabet stocks among others. I've been utilising a financial advisor for more than 15 months now, and I've made over $800,000.

[@FabioOdelega876]

I actually subscribed for a few trading courses but it didn't help much, been getting suggestions to use a proper financial advisor, how did you go about touching base with your coach?

[@joshbarney114]

‘’Marisa Breton Dollard’’ is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@FabioOdelega876]

Excellent share, just inputted Marisa Breton Dollard on the internet, spotted her consulting page ranked top and was able to schedule a call session. I’ve seen commentaries about advisors but not one looks this phenomenal.

[@WilliamTaylor-h4r]

I would sell everything and buy commscope, cvx looks good, but no coin access.

[@Dividendflywheel]

Becky perfect journalist skills. Intelligently probes for deeper insight. Not biased or driven by an agenda

[@HDCaulfield]

Great video. Too bad the content doesn’t match the title.

[@garrett2251]

Maybe no one would have HAD to pay but the government would still WANT our taxes no matter how much big corporate companies pay

[@SF-fb6lv]

GOSH that a round-about way of asking: "Why'd ya sell Apple?"

[@thomasshakelton]

The stock images are not helping just let the man speak and show his emotions. thanks

[@geolykos]

You sell I buy. Thank you.

[@medusaskull9625]

His decision made perfect sense to me. He is willing to pay the tax now, when the country need cash. He's doing a big favor for his investors by paying lower taxes now and prepare for better wave of investment. I love our capitalists who makes sense and doing the right thing. I just hope our politicians would do the same. If our politicians have half a brain as this man does, we will be in much better position than now.

[@ewclam9]

Yeah. big incomer and big profitable companies should help to pay down national debt !! Good idea.

[@stephenblake2196]

CLEANING UP $$$$ SMART!!!

[@ssurajchawla]

this is not his video from six days ago

[@tothelighthouse9843]

Apple's rate of return on investment has diminished. It's still a solid longterm investment, but it's no longer undervalued & it appears Buffett wants to position Berkshire to take advantage of better opportunities when he finds them.

[@dineshsuryavankshi5992]

Great person, our industry will also understand this, in future.

[@jaimetorres3113]

Corporate responsibility means making money for your shareholders and contributing to the costs of running the country. That means you have to pay taxes to the federal government. If corporations are considered individuals, to the extent that they can contribute to political elections like one they should be taxed at the same rates.

[@Triple_J.1]

Businesses pay for their materials. They pay for their factories. They pay the banks back for huge loans, they hire and pay all their people: engineers, laborers, C-suite. They pay all of their bills or else they cannot keep the supply chain flowing to make new products. And they pay all their bills so that banks will continue to loan them money. So why do they have to pay for peoples apartments and food stamps who don't even work for them?

[@seer775]

@@Triple_J.1 because the businesses benefit from the use of public infrastructure and the security provided by the state. Historically, no one except the King was exempted from taxes.

[@DIYDaveT]

Very folksy way of avoiding the fact that when you sell stocks and raise cash, you are market timing no matter what propaganda you wrap it in.

[@Burgermonster]

Holding AAPL since 2016 and selling in 2024 is not what I would call a market timer transaction but if you conjure up your own propaganda you can certainly believe that's what it is.

[@magalengo]

@@Burgermonster Except that you are wrong. He sold Apple numerous times over the last several years. Buffett says “we sold a little Apple this year” I guess his definition of sellling over 60% of the original share amount is “little”. Most reasonable people wouldn’t define “little” as selling over 60% of a position.

[@MLEPOS1]

They sell that idea to the suckers of investors at the retail level!

[@tomsassurance]

Berkshire Hathaway is the 3rd largest company in the USA. I don't know why Warren Buffett talks about if only 800 companies paid his level of taxes they would cover 100% of all taxes. There are not 800 companies that net 5 billion dollars. Big difference between gross and net.

[@Triple_J.1]

The US takes 3 trillion dollars in tax, and spends 6-8 trillion per year.

[@AdamBechtol]

Powerful words about taxes. Need more of greedy corporate America to adopt the same stance.

[@NicholasBall130]

My portfolio for the past 30 years has always been self managed and I own 3 shares of Berkshire Hathaway Class A stock (BRK:A) which I bought in at about $17,000 during the mid 90s, I'm currently liquidating some of these positions to incoporate new Gen. Stocks, but am I better off re-investing into Gold as it seems stocks are a little too unstable right now.

[@cowell621]

Invest in real estate, gold , ETfs and high-yield savings account.

[@StacieBMui]

The market is not necessarily a rollercoaster if you know your way around the market, there are various opportunities in the present market to accrue good profit, If you are not too savvy with the market, just buy and hold on strong companies with good earnings, or consult with advisors on Etfs and actively managed funds. I am up by 418% in 1 year under guidance.

[@LiaStrings]

This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation

[@StacieBMui]

Rebecca Nassar Dunne is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@andrewwilson3663]

Respect. BH should just build ownership in the 800 and life would me a whole lot different.

[@nainasoni6550]

The key is risk analysis

[@MegaVivekchandra]

I didn't understood 80 percent of it....but what a knowledge

[@engineer_2023]

He just told that what he took from apple will go to the benefit of people. This is what I've understood.

[@clivedavo]

Well thats cleared that up

[@CoffeeandBarbell]

Is 21% the current tax on Capital Gains in the US market??

[@YAPSS]

I believe it is the corporate tax rate.

[@luizbattistel155]

He didn´t really explain why he sold except for the building cash position part.

[@jasonmorris4675]

love him but he avoided the question completely!!

[@mike_valueinv]

Buffett's decision to trim some of his Apple holdings just shows his discipline and long-term focus. Even with a powerhouse like Apple, it's important to periodically reassess the portfolio and manage risk. Sometimes taking profits doesn't mean losing faith in a company, but just sticking to sound investing principles! He might look also for better alternatives as the price increased.

[@shanedavison7473]

Warren won't ever talk bad about the business he owns. If he is selling them, they are getting overvalued.

[@omeismm]

TL;DR: Generally when we buy stocks, our mentality is that we're owners of the business. Current tax rate is attractive so buffet wants to cash out a little bit knowing that taxes will increase due to govt. deficit. He says he's okay with paying for the taxes

[@coolisfoolable]

but why did he sell Apple? is gov only taxing Apple stock holders? You people are so easy to fool.

[@seer775]

@@coolisfoolable because it was his largest position and he made a massive profit already.

[@MoOuzoun]

Who sold

[@ancour]

Anyone has holdings please sell it all to save yourself from losses, can buy again but sell to save your self

[@albadji7390]

Really bright !😊

[@odoacredacalcutta5085]

being who he is, obviously he cannot say plain and simple why he sold. But the reason is obvious and it's always the same: Apple momentum is over. It will still be a profitable company but nowhere close to what it once was.

[@DawkinsTools]

Whole lot of yappin' without saying anything substantial. He said he doesn't mind paying taxes and he thought every company should, but also said between the lines that he wanted to pay less taxes. So which is Mr Yap.

[@andywei3092]

Its a simple investment, buy low sell high

[@KtothG]

why shove these annoying-assed closed captions down our throats? if I were hearing-impaired, I could just turn them on manually in the app.

[@sergiodiaz4692]

A legendary extremely wealthy money lord. He gives back to America as America has given to him....

[@MoOuzoun]

I don’t sell any thing from where is that news

[@vijaygautam1406]

With his comments on tax commitment, Mr. Warren Buffett has won our hearts. He is even higher as a human being than we earlier thought. May he live for more than 100 years, and keep enlightening the investment community with his brilliant insights and thought process.

[@Lezio-i4d]

Seriously? He might be rich but he is certainly not that guy who you might think. He is the greatest capitalist. That don't match with humanity. 😂

[@spokesmanster]

​@@Lezio-i4dand a capitalist society is what gave the most to humanity than absolutely anything else. Equality of opportunity not outcome. Everyone gets a fair chance.

[@shriprakash9556]

Let answer the question in way that i would not answer

[@doc2590]

he basically said that they sold apple shares to raise cash to pay his tax bill. Is that what he said?

[@mateusvieira103]

He says one of the reasons. People buy 1.4 billions of smartphones in 2017 and 1.1 billions in 2023. I believe this is the main reason why he is selling Apple

[@breckkuhnke1287]

That was a really eloquent way of saying he sold the position in order to minimize the tax. Despite spending half the time stressing how much he would like Berkshire shareholders to pay more taxes. Huh.

[@stefanweilhartner4415]

that is bullshit. is apple the only company in the world that has to pay taxes?

[@willt.jolley4776]

Big goals: paying billions in taxes. Warren's a great role model; hope to be like ihm sooner than later

[@ginebro1930]

great work on not anwering the question

[@butthereismore]

What he said was with the current situation in the world to have cash in your account is the best.

[@samnater]

Nope. What he said was taxes may go up and it takes time to sell billions in assets.

[@DonkeyFrog]

Amazing how two people can listen to the same speech and interpret it completely differently. Buffett was definitely talking about selling because of an upcoming tax rise.

[@butthereismore]

Listen from 4.38min to 4.42min. He says under current conditions I do not mind building a cash position. Only later he talks about taxes.

[@DonkeyFrog]

@@butthereismore so you think he is investing in US dollar?

[@butthereismore]

@@DonkeyFrog apparently so, if he exchanged Apple stocks into cash. He would have kept the stocks if he thought it was a wise move. Of course he still has lots of investments in stock market. But he increased his cash position just to be on a safe side. That's how I see it.

[@curious1731]

After charlie mungers passing away warrent has lost his energy and charm

[@michelfortier9563]

I'm not sure he answered the question. He rambled off with my thinking he's starting to lose it.

[@sloppyjoehillups]

The real reason is that the price per earnings of Apple was 10 when he bought it no it’s over 30 and he doesn’t think the economic conditions look three times better right now than when he bought it. Or, a better way of saying it is that the stock already had that multiple expansion of price per earnings so that can’t happen again and are the earnings really going to double or triple in the short term rather than other companies that they may be able to acquire a discounted prices.

[@michelfortier9563]

@@sloppyjoehillups Pretty good logic. I've tried to convince a friend I play racquetball with every day to sell some of his Apple stock for other reasons. He's owned it for close to 8 years. But nope, no dice.

[@bhaldurgumbo1256]

He tends to ramble in most of the questions but I don't think it's because he's losing it, he avoids getting into specifics

[@Burgermonster]

I believe one of his main catalysts for selling a substantial portion of his AAPL position was to pay tax only at the current rate of 21% instead of waiting too long and paying at a higher rate in a year soon to come due to the current deficit and possibly the change in political leadership and thus the majority of the country's sentiment about who should pay more taxes. He hinted at this thesis toward the end of the video.

[@magalengo]

I watched the 2024 meeting multiple times, he rambles on for so long on most questions that I forget what the original question was. The actions in the stock portfolio have been nonsensical for several years.

[@pwells2389]

Didn’t think I’d ever think of Warren as naïve

[@4metoknow]

i resent giving my hard earned money to country that squanders it.

[@barty8980]

You have the right to vote for who you want or move to another country. BOTH parties waste money in and for the government.

[@arnabbhattacharya6579]

Warren becomes wiser every year and Becky more beautiful ❤

[@JcarlosDnava]

Don't sale moving up

[@wasblindbutnowsee]

There ARE people who will tell you why Warren Buffet sold Apple stock. Warren Buffet ISN'T one of them.

[@HamZa-mm2im]

Here goes the smarter poor person.

[@Taks_1985]

What a Beautiful View ....👍👍

[@pawkie2]

Profit take and invest in Treasuries. In a market correction shares will go down anx TBills up, especially as interest rates will drop next month

[@gaminglikeapro2104]

"We like paying taxes": $5 Billion USD Taxes for a company that has a market cap of $957.97 Billion USD and profits of $130 Billion USD in 2023.

[@haydo8373]

Let's sell our position seems the taxes are low and will likely rise 🤔

[@ppuh6tfrz646]

He's since sold an *ENORMOUS* amount of Apple stock since this.

[@MrMountain707]

Simple. No more EPS growth

[@ShahWirana]

I always say...read BETWEEN the lines...don't judge on what they do that is glaringly obvious without you having to comment as if a spectator sport like football...you don't have to say the player missed or scored a goal when all can see, and start to spuriously give 1001 reasons how or why scored or missed...taking the player' statement too is not conclusive as much may be hidden...a bigger picture can make a player a mere tool in the grander scheme of things...

[@Custodian123]

This is 2024? Warren's speech speed has improved?

[@YAPSS]

Hey yeah, I have cut off the pause

[@shankarbalakrishnan2360]

Ok good move I work on micro levels not macro. ❤❤🎉🎉thats why some sayings are to waste time

[@smirkingdevil]

Seemed like a long way to say he thinks the tax rate will increase in the future.

[@glenpang5025]

Listen to the second half of video and even only the last minute of the video will give you the answer save yourself seven minutes of watching time. Although his explanation was very sensible.