Berkshire Hathaway increases Apple position to $1.46B

Carl Icahn and Kevin O'Leary should learn from Berkshire.

Icahn is a despicable scam artist who is expert at leveraging his name and reputation to make money off the stock he buys or sells. He's nothing but a leech on the system. Meanwhile, instead of going for a quick buck, Icahn is using Wall Street the way it was designed to be used, and makes more money doing so. It's not just Icahn, but all of Wall Street and day traders that should learn a lesson. Pick companies you believe in and stay for the long term. In the early days of E*Trade, they offered you a free $100 if you opened an account and invested at least $1,000, so I ended up with $1,100 worth of Apple stock. Sold them last year to buy a Model S.

lordjohnwhorfin said:

Icahn is a despicable scam artist who is expert at leveraging his name and reputation to make money off the stock he buys or sells. He's nothing but a leech on the system. Meanwhile, instead of going for a quick buck, IcahnBuffett/Berkshire is using Wall Street the way it was designed to be used, and makes more money doing so. It's not just Icahn, but all of Wall Street and day traders that should learn a lesson. Pick companies you believe in and stay for the long term. In the early days of E*Trade, they offered you a free $100 if you opened an account and invested at least $1,000, so I ended up with $1,100 worth of Apple stock. Sold them last year to buy a Model S.

I think that's what you mean.

And in the early days of Apple when no one on Wall Street wanted any of AAPL, I did a similar thing.  I have sold & repurchased several times.  I have not bought a Tesla S, but don't have to work.  Yes, it goes up and down.  Better to buy low and buy some more when you can.  For go the fast bucks.  Icahn & the other "Investment" managers are scamming the system.

Go BRK.  Keep the stock please & reinvest the dividends.  I only disagree with those who want to give away the farm or the benefits to those who want to beat the system by being leeches.  I don't mind welfare or aid, but when they have a better car, cell phone, or free housing & utilities, they have no interest in working.  I see it every day in South Georgia. Parasites that are beyond what you might even imagine.  At what point do we take them off the system ?  I don't see an end in sight here because the local government thinks they should grow, grow, grow and tax, tax, tax.  I hope Trump or someone who is wise to this goes into office and there is some kind of freeze on government spending + an automatic reduction of an acceptable amount to cut the desire of government to grow.  There is no incentive for government to shrink or for people to look for ways to get off welfare.  i am tired of paying for the free ride.

If you live in a "grant city", that is what I call cities that are based upon free grants, I feel sympathy for you as well as for myself.  If Hillary goes into office, I am leaving.  Passport is ready.

theothergeoff said:

lordjohnwhorfin said:

Icahn is a despicable scam artist who is expert at leveraging his name and reputation to make money off the stock he buys or sells. He's nothing but a leech on the system. Meanwhile, instead of going for a quick buck, IcahnBuffett/Berkshire is using Wall Street the way it was designed to be used, and makes more money doing so. It's not just Icahn, but all of Wall Street and day traders that should learn a lesson. Pick companies you believe in and stay for the long term. In the early days of E*Trade, they offered you a free $100 if you opened an account and invested at least $1,000, so I ended up with $1,100 worth of Apple stock. Sold them last year to buy a Model S.

I think that's what you mean.

Berkshire does not tweet about their AAPL holdings.  Icahn did.