Warren Buffett revealed a fascinating conversation with Steve Jobs about Apple Inc.’s financial strategy during a 2012 appearance on CNBC’s “Squawk Box.”
In the ”Ask Warren” segment, Buffett shared, “It was an interesting conversation because I hadn’t talked to him in a long time. He said, ‘We’ve got all this cash. What should we do with it?’ So we went over the alternatives. It was kind of interesting.”
This exchange between two industry giants provides insight into the decision-making process at one of the world’s most valuable companies.
Jobs, renowned for his pivotal role in establishing Apple as a global technology leader, sought Buffett’s advice on the company’s cash-management strategies. Buffett, a legendary investor and chairman of Berkshire Hathaway Inc., outlined the four primary options available for deploying cash: stock buybacks, dividends, acquisitions, or holding onto it.
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Source from finance.yahoo.com
