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11 February 2019
By Maynard Paton
Being able to analyse international shares — at no extra cost! — is a wonderful feature of SharePad. You can take your pick from several US and European indices.
One overseas share attracting my attention of late is Apple. The US company has appeared on my radar because:
- I know billionaire investor Warren Buffett owns the shares;
- I see the Apple P/E on SharePad is a reasonable 13.7, and;
- I own three Apple devices.
When the world’s richest investor buys a share, finding out why can often pay off.
At the end of September 2018, Mr Buffett’s Berkshire Hathaway investment vehicle owned 255 million Apple shares with a then value of $58bn. At the time the investment represented 8% of Berkshire’s assets.
During the first nine months of 2018, Mr Buffett acquired Apple shares at prices I estimate to average $170 — a level similar to that seen today.
Should we now join Mr Buffett as Apple shareholders?