Warren Buffett, despite owning $72 billion in Apple stock through his firm Berkshire Hathaway, used a $20 Samsung flip phone until 2020. In 2016, Berkshire Hathaway began buying Apple, and by 2019, their stake was worth $72 billion. Buffett humorously referred to his flip phone as a gift from Alexander Graham Bell. Even Apple's CEO Tim Cook sent him iPhones to persuade him to switch. Buffett finally adopted an iPhone 11 in 2020 after Apple’s market cap reached $1.5 trillion and his investment grew to over $83 billion, although he still rarely used apps.
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00:00What kind of phone would you use if you owned $72 billion in Apple stock?
00:04Warren Buffett used a $20 Samsung flip phone.
00:08While most investors go all-in on the latest gadgets,
00:12Buffett clung to his flip phone, even as Apple stock became his biggest holding.
00:17Back in 2016, his firm Berkshire Hathaway began buying Apple.
00:21By 2019, their stake hit $72 billion, yet Buffett still proudly waved around a phone
00:27from another era, once joking it was a gift from Alexander Graham Bell.
00:32Even Apple's CEO Tim Cook sent him iPhones as gifts, hoping he'd switch.
00:36He finally did in 2020 with an iPhone 11,
00:40after Apple's market cap hit $1.5 trillion and his investment grew to over $83 billion.
00:46Still, he barely used apps and said he just needed a phone.