Monday, February 27, 2012

Instant Alert: Two Years Ago Steve Jobs Called Warren Buffett And Asked For Investment Advice


View this email online | Add newsletter@businessinsider.com to your address book


No comments:

Post a Comment

The Business Insider
Tech Entertainment Wall Street Markets Strategy Sports Lifestyle Politics Europe Video Latest

February 27, 2012
Find Us on FacebookFollow US on Twitter
Two Years Ago Steve Jobs Called Warren Buffett And Asked For Investment Advice

by Gus Lubin on Feb 27, 2012, 8:24 AM

Advertisement

A great anecdote from Warren Buffett's appearance on CNBC this morning involved Steve Jobs.

Two years ago Steve Jobs called up Buffett and said "We've got all this cash. Warren, what should we do with it?"

After discussing several options, Buffett recommended repurchasing Apple stock, which Jobs said he knew was undervalued.

Jobs didn't take his advice, deciding instead to sit on his cash.

At the time Apple stock was trading around $200. Now it trades at $522.

Buffett says about the company: "I've never bought Apple, but I wish I had."

Now check out the highlights from Buffett's annual letter >

Please follow Clusterstock on Twitter and Facebook.




Advertisement

Related Topics
Related Suggestions Related Suggestions Related Suggestions Related Suggestions Related Suggestions Related Suggestions Related Suggestions Related Suggestions Related Suggestions Join the conversation about this story »
Share this: Facebook Facebook Twitter Twitter Digg Digg Reddit Reddit StumbleUpon StumbleUpon LinkedIn LinkedIn
Find Us on Facebook Follow US on Twitter
The email address for your subscription is: dwyld.kwu.3ipad4apple@blogger.com

Manage Email Preference | Unsubscribe | Subscribe | Business Insider RSS Feed

Business Insider. 257 Park Avenue South, New York, NY 10010

Terms of Service | Privacy Policy