ARTA – The CEO of Berks Life Hathway, Warren Buffett, rarely made praise for Apple CEO, Tim Cook, during the annual meeting of Berkshay shareholders on Saturday May 3. Buffett also confirmed that he resigned from his post.
“I am a little ashamed to say that the Cook team earned more money for Berkshin than ever,” said Buffett to the actors. This refers to an outbreak of Apple shares of 680% since Berkshan began to buy the company’s shares for the first time in early 2016.
Buffett also remembers the late Steve Jobs and praised its role in the construction of Apple, but quickly stressed the major contribution of the Cook team to bring the company to the current level of success.
INA: “Nothing could create Apple that Steve, but no one can develop it as the team”
which was used by 94 -year -old investors, who was recognized to be well known for his investment in the technology sector, admitted to having won billions of dollars on his investment in Apple. In fact, at one point in 2024, Buffett was the largest Apple investor outside the ETF company (FX).
By 2024, Apple’s action value reached $ 174 billion, which initially acquired for around 40 billion US dollars in several years. Despite this, Berks Life began to reduce his activity throughout the past year and has now sold almost 70% of the total of the 905 million shares he had already held at the top.
-Cook was appointed CEO in 2011, Apple’s action course jumped under US $ 15 (after being adjusted to a stock market division) to around 205 US dollars. This increase of almost 14 times has pushed Apple’s market capitalization to exceed 3,000 billion US dollars.
AR, among the others, are a large number of people, too, were inspired by his wisdom. It was one of the great privileges of my life to know him. And there is no question that Warren leaves Berksway in large hands with Greg. pic.twitter.com/7p5zxtq5hp
Buffett, nicknamed Oracle of Omaha and considered the most titled investor in the world, announced that he would put Berksidan’s leadership to the Vice-President Greg Abel by the end of this year.
Through X (formerly Twitter), Tim Cook expressed his tribute:
There has never been anyone like Warren, and there have never been countless people – including myself – who were inspired by his wisdom. It was an honor to recognize it in my life. And there is no doubt that Warren left Berkshay in the best hands with Greg. »»
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