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One platform for global traditional assets
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Warren Buffett praises Apple CEO Tim Cook
Warren Buffett discussed the immense pressure Tim Cook faced when taking over Apple from its founder Steve Jobs, and how Cook managed to succeed under that pressure. Buffett said, “How much courage does it take to succeed Steve (Jobs) and even surpass his achievements? It’s a miracle in American business history. After Steve passed away, we made an investment decision to allocate nearly 10% of Berkshire Hathaway’s resources to Apple, which was essentially entrusted to Tim, and he has turned it into a pre-tax return of about $185 billion.” (First Financial)