Warren Buffett's Berkshire Hathaway Takes $1B Position in Apple
I'm just here to set in stone and state for the record that I believe this will be a losing play. My reasons are here:<p>Rationale here from a comment over 3 months ago:<p><a href="https://news.ycombinator.com/item?id=11035168" rel="nofollow">https://news.ycombinator.com/item?id=11035168</a><p>> last time I was on an airplane (December), every single older woman over the age of 60 had an iPhone. This means that it's not only reached critical mass (the late majority on the technology adoption curve has been achieved), but now it's no longer hip.<p>> I'm not sure what will be next, but I'm guessing it won't be Apple's.<p>> Were I gambling man, I'd have shorted Apple's stock right there after that airplane ride.<p>So when I'm wrong, y'all can roast me proper.