But Apple is a sweet exception to Buffett's distaste for tech stocks because it plans in the long-term, insulates itself from bad leadership, and prioritizes American production - three business attributes that make Buffett giddy like a Nebraskan schoolboy.
"Apple's an fantastic company, and the multiple's not huge, the top tech companies do have a very strong profit position right now but Apple has most of all". You didn't buy Apple until it was a $700 billion company.
Investor Warren Buffett will spend the day fielding questions at Berkshire Hathaway's annual meeting before a crowd of tens of thousands of people.
Apple said that customers chose the US$999 iPhone X "more than any other iPhone each week" during the March quarter like they did in the December quarter.
Un Clasico sans vainqueur mais avec beaucoup de saveurs
Il y a toujours un esprit de revanche, on dirait que les gens cherchent à ce que l'adversaire soit humilié en t'applaudissant. Karim Benzema est de moins en moins efficace et sa place au sein du Real Madrid est menacée par un transfert.
Becky Quick: Warren, I guess when you had described this company, the reason you like Apple are not reasons that are technology based reasons, you think of it as a consumer company.
Apple is now just US$16 per share short of reaching the much-anticipated US$1t mark. We bought about 5 percent of the company.
Buffett: "When you buy a farm, you look at the crop every year and what prices are and decide whether it was a satisfactory investment". We own about 5% of Apple, but I know I don't have to do a think and with a couple years, I will own 6% without laying out another dollar. "With the passage of time, we may own 6 or 7 percent because they repurchase shares".
"If you don't understand it, you get much more excited", Buffett said on CNBC television. But in terms of recent times - well - it - it was - it was - it was a company I liked, a business I liked very much. "Mr. Buffett does not see current valuation compelling for large share buybacks", he wrote, adding that "Berkshire could deploy cash for more equity investments".
Berkshire Vice Chairman Charlie Munger says "We'd do a lot better in all our stock picking if we did it in retrospect". "The top tech companies do have a very strong profit position right now but Apple has the most of all".