2024 Could Spell Trouble for Warren Buffett and Berkshire Hathaway With 48% of Their Portfolio in This One Stock With Declining Growth
Warren Buffett and Berkshire Hathaway have one stock that's clearly their favorite (and it's not even close). Apple (NASDAQ: AAPL) makes up nearly 48% of Berkshire Hathaway's portfolio, with a stake worth nearly $180 billion.
That's an extreme concentration, and Buffett is OK with that. He's often stated that diversification doesn't make sense if you know what you're doing. But with the direction that Apple is heading, this concentration may bite Berkshire in 2024 -- and Apple may be a stock for potential investors to avoid now.
Berkshire's first purchase of Apple stock was in the first quarter of 2016. At that time, the iPhone 6 was the latest model, which was already quite popular among consumers.
Source Fool.com
Berkshire Hathaway Inc. A Stock
€575,000
0.520%
Currently there is a rather positive sentiment for Berkshire Hathaway Inc. A with 3 Buy predictions and 0 Sell predictions.
As a result the target price of 650000 € shows a slightly positive potential of 13.04% compared to the current price of 575000.0 € for Berkshire Hathaway Inc. A.
