Warren Buffett Timed His Apple Stock Sale to Perfection.

I don't know how that can say that right now with a straight face.

Berkshire purchased meaningful numbers of Apple shares through 2018 at excellent prices. But Berkshire sold Apple beginning in 2019 at $50-60, in 2020 at $110-120, in 2024 mostly at $180-190, and some at $223 in Q3. The biggest transactions by far were the ones in 2024 at $180-190 (over 500 million shares worth nearly $100B.

The stock today is still above that average price.

My sales of Apple late last year were at 232.50 (a very small amount via exercised October calls I sold), 252.57 (the bulk of this sequence of sales), and 255.62. I paid 23.8% of the proceeds in capital gains tax (and it was almost all gains because the basis was almost negligible), so I am still not "break even" (meaning I could buy back the same number of shares at a lower net price) when considering the tax impact. It would have to be around $190 to be able to do so.

Berkshire Hathaway FAQ

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