Warren Buffett’s Berkshire Hathaway Inc. (NYSE: BRK.A, BRK.B) has never spent much of its kitty on tech stocks. But Team Buffett’s recent $1 billion bet on Apple Inc. (Nasdaq: AAPL) shows that may be changing.
Or maybe Buffett’s move has more to do with Apple CEO Tim Cook’s recent statesmanlike visit to China. Is the Oracle of Omaha becoming the Soothsayer of Shanghai?
We know that Buffet isn’t a “trader.” He buys in for the long haul. So the question now is: How will this big bet affect Apple’s and China’s futures? Michael called in to CNBC World Monday night to talk about that… and more. Click on the video below to hear more.