Why Warren Buffett is SELLING APPLE! #stockmarket #technology #apple #allinpodcast #investing
00:00:00.000 | you can tell when Buffett has gotten disengaged with a company based on the number of times he
00:00:05.680 | mentions it in his annual letter. This is the number of times Apple was mentioned. He went
00:00:09.840 | from basically saying Apple was the absolute end all and be all and it's gone from basically a
00:00:16.000 | bunch of times to almost none. What's interesting about that is the last time that that happened was
00:00:20.320 | with drumroll Wells Fargo over 15 and 20 years Buffett built up a huge position until he realized
00:00:27.920 | that that company was not really one of his forever stocks. And the number of times it was
00:00:32.480 | mentioned in his letter went to zero. So I think this Buffett index is a really important one for
00:00:36.960 | Apple, which is it went from a forever holding that he said he would own forever to barely
00:00:42.080 | getting mentioned. Unfortunately, it speaks for a very bad next five to 10 years for this company,
00:00:46.720 | unless they figure something out.