Better Buffett Buy: Apple Inc. vs. IBM
Over the past few years, Warren Buffett broke his tradition of avoiding tech stocks by adding shares of IBM (NYSE: IBM) and Apple (NASDAQ: AAPL) to Berkshire Hathaway's (NYSE: BRK-A) (NYSE: BRK-B) portfolio.
Buffett started buying IBM back in 2011, believing that then-CEO Sam Palmisano's plan to double Big Blue's EPS by 2015 would pay off. He started buying Apple in 2016, and later told Berkshire's shareholders that he invested in the company because people "build their lives around" the iPhone and that they "don't want the cheapest product."
Image source: Getty Images.
Source: Fool.com
