Warren Buffett should cut his $110 billion Apple stake, veteran Berkshire Hathaway investor says
Warren Buffett should cash out some of his $110 billion of Apple stock, according to a veteran shareholder of the famed investor’s Berkshire Hathaway conglomerate.
“Apple’s shares have appreciated meteorically and are quite expensive relative to the company’s earnings power,” Darren Pollock, portfolio manager of Cheviot Value Management, told Business Insider.
“We would not be averse to Berkshire trimming back its gigantic stake in Apple,” he continued.
Cheviot boasted a $219 million stock po…