Warren Buffett Said Apple CEO Tim Cook Has Made Berkshire Hathaway More Money Than He Has: Was He Right?
Warren Buffett did something he usually doesn't do at Berkshire Hathaway's (NYSE: BRK.A) (NYSE: BRK.B) latest annual shareholder meeting. And I'm not talking about announcing he was stepping down as CEO.The legendary investor singled out Apple (NASDAQ: AAPL) CEO Tim Cook in the audience. Buffett said, "I'm somewhat embarrassed to say that Tim Cook has made Berkshire a lot more money than I've ever made Berkshire Hathaway." There's no question that Cook and Apple have generated significant returns for Berkshire. But was Buffett's statement right?Continue reading
Warren Buffett did something he usually doesn't do at Berkshire Hathaway's (NYSE: BRK.A) (NYSE: BRK.B) latest annual shareholder meeting. And I'm not talking about announcing he was stepping down as CEO.
The legendary investor singled out Apple (NASDAQ: AAPL) CEO Tim Cook in the audience. Buffett said, "I'm somewhat embarrassed to say that Tim Cook has made Berkshire a lot more money than I've ever made Berkshire Hathaway."
There's no question that Cook and Apple have generated significant returns for Berkshire. But was Buffett's statement right?
