May 7, 2012
Warren Buffett, one of the world’s richest men, isn’t bullish on Apple or Google stock. However, he isn’t betting against them either, according to All Things Digital. Speaking at Berkshire Hathaway’s annual meeting over the weekend, the legendary investor said he had no interest in purchasing stock from either technology company. However, Buffett said, “I sure as hell wouldn’t short them either.” According to the report:
He thinks Apple and Google are too risky of an investment, and he doesn’t know enough about either company to see them as “inevitable” winners. “We couldn’t predict what would happen to Apple 10 years ago and we can’t predict what will happen to it 10 years from now,” Buffett said.Last month, it was suggested that Apple (AAPL) and/or Google (GOOG) could soon join the Dow Jones Industrial Average stock index. Both stocks are trading near or around $600 per share. Do you agree with Buffett?