Even though Berkshire Hathaway (BRK.A, BRK.B) sold about 13% of its stake in Apple (AAPL) in the first months of 2024, leaving it with a $135.4B stake at the end of March, Warren Buffett said yesterday that Apple is “an even better business” than American Express (AXP) and Coca-Cola (KO), two other large positions of Berkshire. “Unless something really extraordinary happens we will own Apple, American Express and Coca-Cola when Greg takes over this place,” Buffett said, referring to Greg Abel. Buffett added that Apple is “extremely likely” to remain the company’s largest stock position at the end of the year. At yesterday’s annual meeting, Buffett also revealed Berkshire sold its entire stake in Paramount Global (PARA). “We’ve sold it all, and we lost quite a bit of money,” said Buffett, wo added, “I did it all by myself.”
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