Warren Buffett sells $4 billion of Apple, praises Tim Cook and amasses record cash hoard at Berkshire Hathaway.

Warren Buffett is the world’s most famous investor and is renowned for his sober, long-term approach to the substantial equity stakes he takes in companies. One of his best-known sayings about Berkshire Hathaway is,

Berkshire Hathaway recently filed its second-quarter 13F form, revealing its stock holdings at the end of June.

At Berkshire Hathaway’s annual meeting earlier this year, Warren Buffett showed just how much of a fan he is of Apple’s CEO, Tim Cook. “Tim Cook has made Berkshire a lot more than I have made Berkshire,” Buffett said to laughter in the room. It was funny, but considering that Apple is Berkshire’s largest holding, I don’t think it was hyperbole.

Warren Buffett turned a $40 billion Apple investment into $150+ billion, marking his most profitable investment ever. Learn the key principles behind this success and how they apply to all investors,