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

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

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

Berkshire Hathaway (BRK.A +1.14%)(BRK.B +1.20%) sold about half of its massive Apple (AAPL 0.45%) 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.

About the Author

Matt Frankel
Matt Frankel, CFP, is a contributing Motley Fool stock market analyst and personal finance expert covering financial stocks, REITs, SPACs, and personal finance. 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, The National Desk, and other TV networks and publications for his financial, stock market, and investing expertise.
TMFMattFrankel
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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.

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