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Warren Buffett hails Tim Cook for making Berkshire more money than he has — after selling two-thirds of his Apple stake

1. Buffett praised Tim Cook's leadership at Berkshire's annual meeting. 2. Apple's stock value surged 14-fold since Cook became CEO in 2011. 3. Berkshire sold two-thirds of its Apple stake, now holding 300 million shares. 4. Cook compared favorably to Steve Jobs, emphasizing Apple’s leadership evolution. 5. Berkshire's Apple investment grew from $35 billion to $173 billion by 2023.

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FAQ

Why Neutral?

Buffett’s praise may positively influence sentiment, yet significant selling raises caution.

How important is it?

Buffett's remarks could influence retail investor sentiment but selling shares indicates cautious outlook.

Why Short Term?

Market sentiment may fluctuate based on Buffett's comments and stock price movements.

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