Warren Buffett lost billions over Apple’s stock tank. Here's how much

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  • Puukko Orem , 00
    Jan. 4, 2019 8:49 p.m.

    @ConservativeCommonTater
    How much longer will people vote for Republicans, against their own best interests?

    For The rest of my life.

  • FT salt lake city, UT
    Jan. 4, 2019 11:38 a.m.

    We live in global economy whether Trump and his supporters want to believe it or not. The only foreigners Trump brought into his business where low paid illegal immigrants. For the rest of us that work in corporate America we work side by side with people from all over the world. The bottom line is a rising tide lifts all boats. The better China, Europe, Mexico and other countries we trade with do, the better for us as well. Trump's simplistic, draconian views aren't helping anybody and history and the facts clearly show that. But those are two things that you find lacking in Trump and most of his supporters.

  • JaneB Wilsonville, OR
    Jan. 4, 2019 11:23 a.m.

    "I believe that long-term Trumps policies (especially if he can stop the flow of cheap labor from Mexico)will benefit the American people."
    -FitnessFreak

    How? Many many industries rely on immigrant labor. Without them, our economy would sink. They are keeping us afloat.

    "And no, its' not Trumps fault. Not everything is the fault of Trump despite what leftists want you to believe."
    -FitnessFreak

    And, btw, no one feels sorry for Buffet. That's not the point of the article.

    No matter how much you like Trump, it is common knowledge (on both sides) that this trade war is hurting our economy. Apple is just more proof. The best R's/Trump can even promise is that the pain will be short-lived. They acknowledge what is happening. The only way to fix the problem is for Trump stops his silly trade war asap. Otherwise, more job losses, higher prices, less wealth is on the way.

  • oldbasketball Draper, UT
    Jan. 4, 2019 11:03 a.m.

    JaneB-They might not be easy to win but Trump will find a way to win on an issue that other presidents wouldn't touch because of their fear that it might hurt their political career. Your comment suggests that you know more about trade than the president or his advisers. Please enlighten us and explain your statement in detail.

  • majmajor Layton, UT
    Jan. 4, 2019 11:00 a.m.

    For those that aren't financially educated...

    Buffett lost the money when he bought the stock shares. He simply transformed them in to ownership of the company. He only regains (or fixes his gains and losses) when he sales the shares.

    Stocks go up and down. It doesn't matter which way they are going; each direction just provides different opportunities. Now is a great opportunity to start or increase buying.

    Like most educated people, Buffett is probably buying a few more shares of Apple.

  • one vote Salt Lake City, UT
    Jan. 4, 2019 10:43 a.m.

    Did he actually sell low?

  • Fitness Freak Salt Lake City, UT
    Jan. 4, 2019 10:21 a.m.

    Although I'm not anywhere close to where Buffet is, I'm a decent sized investor, (over 1 m_, and yes, investments have been down lately, but I STILL support Trump for at least trying to make America great again.

    Individual personal investments are important, but so is the financial health of the nation's inhabitants. I believe that long-term Trumps policies (especially if he can stop the flow of cheap labor from Mexico)will benefit the American people.

    When you are an investor - you accept the good with the bad. That's just part of the business as I'm sure Buffet knows. Please don't feel sorry for him - he'll be just fine!

    And no, its' not Trumps fault. Not everything is the fault of Trump despite what leftists want you to believe.

  • ConservativeCommonTater Salt Lake City, UT
    Jan. 4, 2019 9:52 a.m.

    If the Oracle of Omaha can get hit that hard by Trump's "winning" tariffs, imagine how hard the rest of us with 401K's or IRA's are getting hit.

    The economic destruction being caused by Trump may exceed the economic destruction cased by GW Bush.

    How much longer will people vote for Republicans, against their own best interests?

  • Flashback Kearns, UT
    Jan. 4, 2019 8:51 a.m.

    Oh shucks. Somehow I can't feel any sympathy for Warren losing that much money. Of course, he didn't actually lose that much. Berkshire Hathaway lost it which means other investors also lost a lot.

  • JaneB Wilsonville, OR
    Jan. 4, 2019 8:37 a.m.

    This is a direct result from Trump's unnecessary trade war, hurting China's economy, and ours. There is more consequences to come, and we will all eventually pay the price for Trump's erroneous ideas about trade deficits. He simply doesn't understand trade, and his advisors don't either.

    Trade wars are -not- easy to win.