Good tuesday morning. Welcome to squawk alley, joining me is jon fortt and sara eisen. Also joining me walter eisen and a lot to get to with walt this morning. Among it, apple, as berkshires Warren Buffett nearly triples his stake in the company to more than 19 billion. Stock hit yet another alltime high this morning. Walter, lets take a quick listen to what buffet said amid all of his mea culpas of miss in amazon and missing alphabet why he is increasing his stake in apple. The shares when we bought them were much more reasonable in relation to current earnings. Apple didnt have to do a lot better in the future than they were doing at the current time. When you get into a google or amazon, you are paying for the future more. The future may be more than justified. So, walter, here we have a very smart man who laments missing a big chapter in tech, doubling down on this one. What does that tell us . Well, it tells us that apple is a very secure, stable, good company because Warren Buffe
Of course we said yes. The first person i called was johnny carson. He slammed the phone down. I called again, slammed it down again, and never spoke to me again ever. I think he was furious. He felt betrayed. I was now a competitor. He literally had me blacklisted and to this day i have not been on nbc late night ever. Billy as she drove off the nbc lot, she lost her confidence. Oh my god, what have i done . It was such a bad period. Joan the fox show, even before we went on the air, was just a nightmare. Edgar did not like Rupert Murdoch and barry diller, and from the day we walked in, there were fights. About everything. About whether we should have a coke machine or a pepsi machine, m ms or hershey kisses. Finally they called me in on a thursday night, and they said, youve gotta fire edgar. I couldnt do it. I couldnt, uh, i couldnt, couldnt do it, couldnt, couldnt do it. Man the woman who asked, can we talk . Joan rivers is apparently through as permanent host of her late night tal
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