Warren Buffett's Unheeded Advice to Steve Jobs
Warren Buffett had a phone call with Steve Jobs in 2010 about Apple's cash reserves. Buffett suggested stock buybacks, dividends, and acquisitions, but Jobs did nothing with the cash. This resurfaced story followed Apple's strong Q3 earnings.
In 2012, Warren Buffett recounted on CNBC a phone call he had with Steve Jobs in 2010, discussing Apple's large cash reserves.
Buffett reviewed options like stock buybacks, dividends, and acquisitions.
Jobs, who thought Apple's stock was undervalued, ultimately chose to do nothing with the cash.
This resurfaced story followed Apple's impressive Q3 earnings report.
Bill Gates also reflected on Jobs' unique presentation skills and their shared efforts in promoting software innovation.
Buffett reviewed options like stock buybacks, dividends, and acquisitions.
Jobs, who thought Apple's stock was undervalued, ultimately chose to do nothing with the cash.
This resurfaced story followed Apple's impressive Q3 earnings report.
Bill Gates also reflected on Jobs' unique presentation skills and their shared efforts in promoting software innovation.
