When asked why Berkshire trimmed its Apple position , Buffett suggested it was for tax reasons following sizable gains on the investment and not any judgement of his long-term view of the stock. He also suggested it could be tied to his view that tax rates may possibly be going higher to fund a ballooning U.S. fiscal deficit.
mountain Apple shares over teh past five years. Buffett said it's 'extremely likely' to Apple will remain the largest holding at his conglomerate despite the recent slowdown in sales. The Oracle of Omaha said Berkshire will continue to own some of its top holdings — American Express , Apple and Coca Cola — when he's no longer at the helm and Vice Chairman of Non-insurance Operations Greg Abel takes over.
Source: News Formal (newsformal.com)
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