Warren Buffett, Down $4.3B In A Day, Was Right To Downplay Berkshire's Apple Gains

Warren Buffett didn't brag about his $20 billion paper gain on Apple shares when markets were roaring. That's a good thing now Apple's earnings are coming up short and its stock is plunging.

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Forbes /  🏆 394. in US

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Warren Buffett, Down $4.3B In A Day, Was Right To Downplay Berkshire's Apple GainsWarren Buffett didn't brag about his $20 billion paper gain on Apple shares when markets were roaring. That's a good thing now Apple's earnings are coming up short and its stock is plunging.
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Apple's drop costs Warren Buffett about $3.3 billion, adding to struggles for Berkshire portfolioWith Apple's more than 8 percent drop in share prices, Warren Buffett's Berkshire Hathaway could be down about $3.3 billion in single day on the investment...on paper.
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