Core Summary:
- Warren Buffett publicly stated that the timing of his early reduction of Apple Inc. stock was premature. He reiterated that Apple remains a key target for potential increase in holdings, but the current valuation has not yet reached the buy-in range.
- Although Apple's stock price has retreated more than 14% from its recent high and recorded a more than 6% decline this month, there is still a game between Berkshire's current cash reserves and market pricing.
- At the end of last year, Berkshire reduced its Apple holdings to $61.96 billion, yet it remains the top position in its investment portfolio. Meanwhile, Buffett announced the restart of his iconic charity lunch event.
Berkshire Hathaway Chairman Warren Buffett, in a rare interview on Tuesday, reviewed his recent trading strategy. He admitted that the early reduction of Apple stock was "sold too early," but also noted that due to the extremely low initial build-up cost, the overall investment return remains substantial. This statement provides the latest guidance for the market to understand the asset allocation logic of the world's largest holding company.
According to financial data analysis firm Insider Score, in its portfolio adjustment at the end of last year, Berkshire reduced its Apple stock holdings to $61.96 billion. Despite significant reductions, Apple still holds the position as the top stock in Berkshire's investment portfolio, demonstrating Buffett's continued recognition of the tech giant's underlying business model.
When discussing future operations, Buffett explicitly stated that if Apple's stock price shows a more attractive discount in valuation, he will consider increasing his holdings again. However, he emphasized that the current market environment does not support an immediate purchase. Despite Apple's stock price having retreated more than 14% from its recent high, with a cumulative decline of more than 6% this month, the current price in Buffett's value assessment system still lacks a sufficient margin of safety. Additionally, in the interview, Buffett unexpectedly announced the revival of the "Buffett Charity Lunch" auction, which had once been discontinued, causing widespread attention in financial circles.
