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Buffett craves more Apple shares, endorses its buybacks

Billionaire Warren Buffett credited Apple with developing 'extremely sticky' products to which consumers become attached and endorsed Apple's decision to buy back its own stock

Ersin Çelik
12:15 - 6/05/2018 Sunday
Update: 12:18 - 6/05/2018 Sunday
REUTERS
Warren Buffett, CEO of Berkshire Hathaway Inc
Warren Buffett, CEO of Berkshire Hathaway Inc

Shareholders have been enthusiastic about Berkshire, which sent out slightly more tickets to this year's extravaganza than in 2015, when an estimated 42,000 celebrated Buffett's 50th year at the helm. An even larger audience likely watched online via Yahoo Finance.

Outside the convention center, Berkshire shareholders lined up for prime seats in the middle of the night.

William Robertson, a Scotland native who fights fires and does forestry work in Switzerland, said he lined up at 11:30 p.m. Friday, 7-1/2 hours before doors opened. This year's meeting is his third.

"It gets me first place in the queue, I think when people go to so much effort it shows Warren how important he is for us," Robertson said.

#Apple
#Buffett
6 years ago