Apple’s latest innovation ... a big stake for Berkshire

May 16, 2016 3:44 PM

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Apple’s latest innovation ... a big stake for Berkshire

OMAHA, Neb. — Investors might question Warren Buffett’s long-standing aversion to tech stocks after his Berkshire Hathaway bought 9.8 million shares of Apple.

Buffett has always avoided technology companies because he said it was too hard to pick which ones would prevail long term, although he made an exception to that rule to buy a major IBM stake in 2011.

Also read: Boeing to open first European factory, to invest 20 million pounds

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