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Why I Think Warren Buffett Made the Right Move by Selling Apple -- Even Though I Love the Company

Berkshire Hathaway sold about half of its Apple stock in the second quarter and now has a mountain of cash.

By Matt Frankel, CFP and Dan Caplinger – Aug 30, 2024 at 6:21AM EST

Berkshire Hathaway (BRK.A +0.32%)(BRK.B +0.65%) sold about half of its massive Apple (AAPL 0.17%) investment in the second quarter of 2024, and this helped drive the company's cash stockpile up to an all-time high of $277 billion. In this video, longtime Fool.com contributors Matt Frankel and Dan Caplinger discuss why they're fans of the move, even though they like Apple as a business.

*Stock prices used were the morning prices of Aug. 21, 2024. The video was published on Aug. 22, 2024.

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About the Author

Matt Frankel, CFP
Matt Frankel, CFP, is a contributing Motley Fool stock market analyst specializing in the real estate and financial sectors. Prior to The Motley Fool, Matt taught high school and college mathematics. He holds a bachelor’s degree in physics from the University of South Carolina, a master’s degree in mathematics from Nova Southeastern University, and a graduate certificate in financial planning from Florida State University. He won a SABEW award for coverage of the 2017 Tax Cuts and Jobs Act. He is also regularly interviewed by Cheddar, Globe St, The National Desk, and other TV networks and publications for his real estate, financial, stock market, and investing expertise.
TMFMattFrankel
X@MattFrankelCFP

Dan Caplinger has positions in Apple and Berkshire Hathaway. Matt Frankel has positions in Berkshire Hathaway. The Motley Fool has positions in and recommends Apple and Berkshire Hathaway. The Motley Fool has a disclosure policy. Matthew Frankel is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.

Stocks Mentioned

Berkshire Hathaway Stock Quote
Berkshire Hathaway
NYSE: BRKB
$479.04
(+0.65%)+$3.10
Berkshire Hathaway Stock Quote
Berkshire Hathaway
NYSE: BRKA
$719,681.00
(+0.32%)+$2,294.19
Apple Stock Quote
Apple
NASDAQ: AAPL
$292.54
(-0.17%)-$0.51

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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