【The Oracle of Omaha Warren Buffett】 laments selling Apple stock too early! After experiencing three market crashes, the current market conditions are nothing to get excited about.

“Stock Guru” Warren Buffett, in an interview with CNBC, said that recent stock market volatility has not yet reached the level of a major buying opportunity. Buffett said that even after stepping down as CEO of Berkshire Hathaway, he remains closely involved in the firm’s investment decision-making; he still returns to the office every day to closely discuss market trends and investment opportunities with the team. He mentioned that before the market opens, he calls Mark Millard, the head responsible for financial assets, to discuss the market conditions and decide the direction of the trades, with the related orders carried out by Millard—showing that he continues to be highly involved.

When asked whether he has made any new investments recently at age 95, he said that he made a “small purchase” recently, but did not go into details, saying only, “I won’t make any investment that Greg (the current CEO) thinks is wrong.” He emphasized that all investment decisions will still remain consistent with current 63-year-old CEO Greg Abel.

Speaking about recent market conditions, Buffett said that in the past he has experienced several significant stock market drops, with declines of more than 50% occurring at least three times so far; currently, the market environment “doesn’t have much to get excited about.”

Buffett also revealed that Berkshire Hathaway bought about $17 billion worth of U.S. Treasury bills in this week’s routine auction. As of the end of last year, the company held more than $370 billion in cash and cash equivalents, with most of it allocated to Treasury bills.

Buffett also mentioned that he sold Apple (U.S.: AAPL) shares too early. Even though Apple’s stock price has fallen more than 14% from its recent high, and this month is down more than 6%, Buffett said the stock still isn’t attractive. “When the Apple stock price drops to a certain level, it’s not impossible for us to buy a lot; but in the current market environment, we won’t.”

Buffett said: “I’m glad to see Apple become our largest holding, but I’m not glad that its holding size is almost equal to the total of all our other holdings combined.”

He said Berkshire Hathaway has earned more than $100 billion from this stock (before tax), and he gave a positive assessment of Tim Cook’s performance leading Apple that was better than Steve Jobs’s, saying, “Cook plays this hand better. (Cook) can’t do what Jobs did, but Jobs handed him a hand of cards that even Jobs himself couldn’t play as well as this.”

He also praised Cook as an excellent manager and a good person: “And for some reason, he can get along well with everyone in the world—a skill that I don’t have. For example, my partner Munger certainly doesn’t have this ability either.”

After leading Berkshire Hathaway for 60 years, Buffett stepped down as CEO earlier this year. He currently still serves as the company’s chairman.

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