@WOLF_Financial
WARREN BUFFETT ON WHY HE BOUGHT APPLE $AAPL DESPITE NOT KNOWING HOW TO USE A PHONE “I wouldn’t be any good at it. I’m so late to the game. I don’t know what to do with the phone.” “But I just recognize the fact that you’re gonna have one, and your kids are gonna want one, and it is incredibly useful.” “All I had to do was go to Nebraska Furniture Mart and talk to the customers. That’s what I did 60 years ago with American Express.” In the 1960s, when everyone thought AmEx was done, Buffett went to banks and asked if they were still getting a premium for American Express travelers checks. They were. He bought the stock. Same playbook with Apple. He didn’t understand the tech. He understood the customer.