8/30/2018, 4:54 PM (Source: TeleTrader)
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Buffett: Stocks more attractive than bonds, Apple still appealing

American businessman and Berkshire Hathaway Inc.'s head Warren Buffett stated on Thursday that "stocks are always more attractive than bonds" during an interview with CNBC. He added that he continues to buy stock because he believes American stocks will perform better over time than bonds.

The famed investor noted that he has recently purchased a "little" more of Apple Inc. shares. Buffett stressed that the reason for that is that Apple makes its products "indispensable."

In the first quarter, Berkshire upped its Apple stake by 75 million shares, to a total of 240.3 million shares. Soon after, Apple's shares reached a new all-time high. At the beginning of August, the Cupertino-based titan became the first American company, and the second one in history, to top the $1 trillion market capitalization.

Baha Breaking the News (BBN) / VK