Berkshire Letter2017-02-0016 min read
The Apple Investment & Elephant Hunt - 2016
Berkshire disclosed its first major tech investment - Apple - and discussed the ongoing hunt for transformative acquisitions. Buffett also addressed the growing pile of cash (over $80 billion) and the challenge of deploying capital in an expensive market.
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Key Quotes
“We purchased our first 12 million shares of Apple in 2016.”
“Our goal is to make some major acquisitions; we will not stop trying.”
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