Buffett, after all, made a big effort in 2018 to caution investors from reading too much into short-term paper gains on Berkshire Hathaway’s large investments in companies like Apple. Until recently, the rule greatly flattered Berkshire’s earnings, but Buffett was never a fan. As it now stands, Buffett hasn’t seen any gains from his Apple investment other than quarterly dividend payouts. Berkshire and Buffett’s Apple pain isn’t just on paper. One thing’s for certain: Buffett was right to be the biggest critic of the bumper profits Berkshire Hathaway reported when Apple and U.S. stock markets were surging in 2018.

Source: Forbes January 03, 2019 21:16 UTC