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Apple Still Leaves Warren Buffett Cold

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CUPERTINO CHILL
DailyFeed
When a guy's worth $50 million, you'd think he'd be a little more adventurous with his investments. Especially with a company that has a solid reputation like Apple. But Mr. Warren Buffett isn't swayed by the allure of Cupertino. In fact, for little ol' Warren B, he prefers his investments potable -- like Coca-Cola.

According to Bloomberg, the Berkshire Hathaway chairman recently mentioned his tech stock aversion in South Korea. "We held very few in the past and we're likely to hold very few in the future," he said. He added that Coca-Cola is "very easy for me to come to a conclusion as to what it will look like economically in five or 10 years, and it's not easy for me to come to a conclusion about Apple."

So Apple's infamous surreptitiousness and clandestine tech developments may send the media's tongues wagging, but the third-richest man in the world doesn't like what he can't predict. He continued:

"Even though Apple may have the most wonderful future in the world, I'm not capable of bringing any drink to that particular party and evaluating that future." Adding, "I simply look at businesses where I think I have some understanding of what they might look like in five or 10 years."

As for Buffett's optimism on Coca-Cola, I guess it's safe to assume New Coke won't return in the next 10 years.

(See also: Is Apple's Largest Retail Store Dead? and AT&T, T-Mobile Merger Could Be Disastrous for Subscribers)

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POSITION:  No positions in stocks mentioned.

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