14 hours ago
Charlie Munger Says Apple Is Still a Good Bet
Charlie Munger isn’t too worried about Apple’s valuation.
During a recent conversation with the Berkshire Hathaway vice chairman, I asked if he thought the tech giant’s shares have gotten too expensive to continue being a major Berkshire holding.
Apple is trading at about 26.7 times its projected earnings over the next 12 months, compared with a 10-year average of 18.5, according to FactSet.
