Is Apple the Next Kinder Morgan or Fox for Buffett?

The transcript discusses Warren Buffett's investment strategy through his deputies, Todd Combs and Ted Weschler, who invested in Apple. It contrasts this with Buffett's previous tech investment in IBM, which was not successful. The discussion highlights the potential of Apple's cash reserves and low trading multiple as attractive investment opportunities. The deputies' long-term investment horizon is emphasized, suggesting they are less concerned with short-term results and more focused on Apple's future developments, such as self-driving cars.

What was one of the main reasons the deputies decided to invest in Apple?

• Apple's partnership with IBM

• Apple's recent product launch

• Apple's large cash reserves

• Apple's high stock price

How does the Apple investment differ from Buffett's previous tech investment in IBM?

• It involved a larger amount of money

• It was made by his deputies

• It was in a different industry

• It was made by Buffett himself

What was the outcome of Buffett's investment in IBM?

• It led to a merger with Apple

• It had no impact on the stock price

• It resulted in significant losses

• It was highly successful

What is a key characteristic of Todd and Ted's investment strategy?

• Short-term gains

• High-risk investments

• Frequent trading

• Long-term horizons

What future development of Apple is mentioned as a potential opportunity?

• New smartphone model

• Self-driving cars

• Virtual reality headset

• Partnership with Google