3/7/2022
By Charles Payne CEO & Principal Analyst

For years, the world’s greatest investor refused to buy Technology (XLK) stocks. In 2000, Warren Buffett was seen as a dinosaur, but the tech crash bailed him out – the fact is many Technology stocks fit his investing criteria. Still, they were harder to understand than insurance and ice cream. But then Buffett met the folks at Apple (AAPL), and he found his tech stock.

As of the end of 2021, the Berkshire Hathaway (BRK.B) stake in Apple had climbed to $161.2 billion in value from an investment of $31.0 billion. And last year, Buffett banked more than $750 million in dividend payments from Apple.  You must have strong dividend payers that are also growing their business.

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Charles Payne
Wall Street Strategies

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