Published: Wed, May 09, 2018
Technology | By Russell Knight

Wondering how Buffett's top picks are faring in 2018?

Wondering how Buffett's top picks are faring in 2018?

The "rat poison" comment, made just prior to the Berkshire Hathaway 2018 annual shareholder meeting last Saturday, was a prelude of things to come, as Buffett spent much of the meeting discussing the emerging asset class, saying they will come to "bad endings".

For the first time, shares went past the $185 mark today, opening at $185.18 before climbing to $186.90 later in the day. With the news kickstarting the new week, CNN Money reported that Apple shares rose almost 2 percent on Monday and that the world's biggest tech company by market cap is now worth more than $940 billion.

"The idea that you're going to spend loads of time trying to guess how many iPhone Xs are going to be sold in a given 3 month period totally misses the point", Buffett said.

Nigerian President Muhammadu Buhari to visit London for health checkup today
Buhari returned to the country on March 10, 2017, after a 49-day medical sojourn, saying he had never been that sick in his life. He gave no details about the reason for the latest trip, but said he planned to be back in the capital Abuja on Saturday.

Munger told FOX Business' Liz Claman on Monday that bitcoin was "rat poison" five years ago when the digital currency was trading just above $100 and now refers to it as "more expensive rat poison".

Last week, Apple delivered better-than-expected March-quarter results on strong services and wearables sales. And we really like their management, their way of thinking and their way of acting, "he said with a smile".

Buffett explained that cyber risk is part of his estimate that every year carries about a 2 percent chance of a super catastrophe that would cause $400 billion or more of insured losses. We like very much the economics of their activities. "We're betting on the success of Apple products like the iPhone, and I see characteristics in that that make me think it's extraordinary", Buffett said.

Dargah Aala Hazrat issues fatwa against Mohammad Ali Jinnah's portrait
The row started after local BJP MP Satish Gautam wrote to AMU, raising objections to the portrait. His remarks, coming ahead of the Karnataka polls have raised eyebrows among the Congress cadre.

The gap between Apple and other USA companies in terms of market cap is equally impressive, with the iPhone-maker now worth over $120 billion more than its nearest tech rivals Amazon ($773B), Microsoft ($732B) and Alphabet ($719B), which are the second, third and fourth in market cap valuations, respectively.

That's in contrast to last November, when there was talk that Apple could cross the US$1t threshold due to optimism around the 10th anniversary iPhone. The cheaper the stock is the more they will get for their money.

A 6.1-inch screen would be the firm's largest iPhone yet.

Rahane to lead India in Afghanistan's inaugural Test
Seasoned campaigners R Ashwin and Ravindra Jadeja will lead the spin attack with Kuldeep Yadav being the third spinner. Incidentally, the last Test match that he played was against Australia at Dharamasala in March, last year.

Apple stock (AAPL) rose 1% Monday, raising its market cap to roughly $908 billion.

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