Warren Buffett’s meeting of many mea culpas: From Apple to healthcare
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Last Updated: May 02, 2021, 10:12 AM IST
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Synopsis
“That was probably a mistake,” Warren Buffett said of its decision to sell some of Apple’s stock last year.
Warren Buffett also reflected on the health care venture Berkshire had set up with JPMorgan Chase & Co. and Amazon.com Inc., to attack the “tape worm” of high-costs in the system.
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Warren Buffett just wanted to say sorry.
The chief executive officer made a few blunt admissions at his annual meeting of Berkshire Hathaway Inc. shareholders on Saturday. Among them were regrets over Apple Inc. stock sales, the circumstances surrounding its airline share dump, and a failed healthcare venture.