Berkshire Hathaway More Than Doubled its Stake in Apple in January

The holding, which reflects about 2.5% of Apple's outstanding shares

this is absolutely bonkers: AAPL is now Buffett's second holding after Coca-Cola. Excellent news for the stock.

Buffett also praised Tim Cook, and rightly so. 2017 will be an amazing year for Apple and AAPL.

I took CNBC guest's words at face value. If that's the case, then wow.

Understood. Berkshire has held 400 million shares (split-adjusted) of KO for a long time. It's currently trading at less than $42, so that's less than $17 billion worth of Coca-Cola. If Berkshire now holds 133 million shares of AAPL (which is what Mr. Buffett indicated this morning), at around $137 that's more than $18 billion worth.
[doublepost=1488208016][/doublepost]To add a little more to what Mr. Buffett said about Apple this morning...

He indicated that Berkshire wasn't currently buying AAPL, that it hadn't bought AAPL since the earnings report. He also indicated that it was at a different price now than he would buy it at.

Also, for those that have suggested it wasn't Mr. Buffett deciding to buy AAPL: We got considerable clarity on that front this morning. Mr. Buffett said that one of those other guys (Todd Combs or Ted Weschler, he wouldn't say which one) had bought 10 million shares of AAPL and Mr. Buffett has now bought 123 million shares of AAPL. That's Mr. Buffett's own characterization of the situation.

Perhaps the funniest thing Mr. Buffett had to say came in response to Becky Quick asking which company Mr. Buffett would bet on going to a $1 Trillion market cap first - Berkshire or Apple. Mr. Buffett said Apple and then proceeded to jokingly say (I'm paraphrasing a bit)... If Tim wants to swap straight up, I've got an 800 number for him. In other words, he'd swap Berkshire Hathaway straight up for Apple if he had that option.

I wish I was rich enough to make money off other people's successes.

Warren Buffett started in the same fashion as you: with nothing.

Can you explain further what you mean between Buffett and luck?

Gosh, you'd only have to ask him. One of Buffett's more admirable traits is the rare personal humility that allows him to admit that luck was a big part of his success.

AAPL is trading like old times again and is about to shoot up into the 140s.

The Oracle of Omaha has spoken.