Steve Jobs once called ace investor Warren Buffett for some advice on where to invest Apple's cash reserves. Recalling the memorable phone call that happened in 2010, Warren Buffett called it an “interesting conversation”. Warren Buffett, chairman and CEO of Berkshire Hathaway, smiles as he plays bridge following the annual Berkshire Hathaway shareholders meeting in Omaha. (AP)Warren Buffett said on the call from Steve Jobs, “It was an interesting conversation because I hadn't talked to him in a long time.” Steve Jobs had called to get advice on what to do with Apple's huge cash pile, Warren Buffett recounted, adding, “He said, ‘We've got all this cash. Steve Jobs then told Warren Buffett that Apple wouldn't go for big acquisitions that required a lot of cash.

Source: Hindustan Times August 05, 2024 20:55 UTC