"It's probably rat poison squared": Warren Buffett launches fresh tirade on cryptocurrency

Warren Buffet and Bill Gates seal their 27-year friendship with a game of cards after the Berkshire boss reveals their closeness is the reason he refuses to buy a Microsoft stock

Warren Buffet and Bill Gates seal their 27-year friendship with a game of cards after the Berkshire boss reveals their closeness is the reason he refuses to buy a Microsoft stock

After the US-based company, Apple released their earnings report, shares of the company saw a significant boost and when the legendary investor Warren Buffett revealed that Berkshire Hathaway picked up nearly 75 million shares of Apple during the March quarter. According to Market Watch, the stock is jumping towards its biggest six-day rally in nine years.

"I clearly like Apple".

Apple's stock opened at a record high on Monday morning, thanks to a general stock-market rally and some kind words from Warren Buffett last week. Indeed, the company plans to use part of its cash to buy the shares and increase dividends. We like very much the economics of their activities.

"Apple's an awesome company, and the multiple's not enormous, the top tech companies do have a very strong profit position right now but Apple has most of all". "Nobody buys a farm based on whether or not it's going to rain next year or not", Buffett explained."You buy it because you think it's a good investment over 10-20 years".

After offering its first stock buyback in August 2012, Apple has bought back $200 billion worth of stock, and just announced last week that it would repurchase an additional $100 billion in its shares. As of 2012, Apple repurchased 200 billion U.S. dollars worth of its own stock with announcements of another 100 billion United States dollars.

First Semi-Final of Eurovision 2018, Armenia performs 16th
On the day of the first semi-final of the main favorite of bookmakers was the representative of Cyprus, Eleni, Furara. As "a proud Brit" representing the United Kingdom on Saturday night, SuRie will be singing her song Storm.

Apple said that customers chose the US$999 iPhone X "more than any other iPhone each week" during the March quarter like they did in the December quarter. "With the passage of time, we may own 6 or 7 percent because they repurchase shares".

"If you don't understand it, you get much more excited", Buffett said on CNBC television.

"I like cryptocurrencies a lot less than you do", Munger said to Buffett.

Apple is once again closing in on becoming the first company to have a market cap of $1 trillion.

The gap between Apple and other USA companies in terms of market cap is equally impressive, with the iPhone-maker now worth over $120 billion more than its nearest tech rivals Amazon ($773B), Microsoft ($732B) and Alphabet ($719B), which are the second, third and fourth in market cap valuations, respectively.

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