Warren Buffett Says He Made $100 Billion on Apple But Sold Too Early, US Stocks Not Cheap
Warren Buffett has acknowledged selling Apple shares too early and expressed caution about current US stock valuations.
Key Statements
- Apple: Buffett confirmed he made approximately $100 billion in profits on Apple stock but admitted to selling too early
- US Stocks: Described current valuations as "not cheap" — will not be buying the dip
- Market Outlook: Expressed caution despite market volatility
Berkshire's Apple Position
Berkshire Hathaway began reducing its Apple stake in 2024, a decision that drew criticism as Apple's stock continued to rise. Buffett's acknowledgment that he sold too late adds context to what appeared at the time to be a defensive move.
Market Context
Buffett's comments come amid:
- Significant market volatility driven by Middle East tensions
- Tech stock pullback (semiconductor index down 4%+)
- Powell's Fed testimony suggesting patience on rate cuts
- Housing market signals (Fannie Mae, Freddie Mac surging 10%+)
Analysis
Buffett's candid admission about Apple timing is notable — the Oracle of Omaha rarely acknowledges mistakes. His broader caution about US stock valuations should be taken seriously as a signal from perhaps the most respected value investor in history. The combination of geopolitical risk, elevated valuations, and potential Fed policy uncertainty creates a challenging environment that even Buffett is unwilling to navigate aggressively.