{"id":98,"date":"2026-05-13T19:06:01","date_gmt":"2026-05-13T19:06:01","guid":{"rendered":"https:\/\/americanhomejournals.com\/?p=98"},"modified":"2026-05-13T19:06:01","modified_gmt":"2026-05-13T19:06:01","slug":"warren-buffett-asked-tim-cook-to-take-a-bow-in-a-surprise-speech-at-berkshire-meeting","status":"publish","type":"post","link":"https:\/\/americanhomejournals.com\/?p=98","title":{"rendered":"Warren Buffett asked Tim Cook to take a bow in a surprise speech at Berkshire meeting"},"content":{"rendered":"<section>\n<p>Warren Buffett trumpeted his Apple bet and invited outgoing CEO Tim Cook to take a bow during Berkshire Hathaway&#8217;s shareholder meeting on Saturday.<\/p>\n<p>Read more <a href=\"https:\/\/americanhomejournals.com\/?p=96\">Berkshire Hathaway\u2019s first Q&amp;A without Warren Buffett opened with a question from a deepfake Warren Buffett<\/a><\/p>\n<p>Greg Abel, who succeeded Buffett as Berkshire&#8217;s CEO at the start of this year, unexpectedly announced that the legendary investor and chairman would say a few words.<\/p>\n<p>Buffett \u2014 sitting in the front row and fully embracing his retired status by wearing a sweater instead of his usual suit \u2014 began by saying the transition to Abel&#8217;s leadership had been &#8220;100% successful&#8221; with Berkshire&#8217;s new boss &#8220;doing everything I did and then some&#8221; and &#8220;doing it better than I did.&#8221;<\/p>\n<p>The business icon, 95, then recalled his decision to turn over 10% of Berkshire&#8217;s resources to a person &#8220;not that well known at the time.&#8221; He was referring to Berkshire&#8217;s roughly $35 billion investment in Apple between 2016 and 2018, and the tech giant&#8217;s CEO, Cook, who announced he would step down earlier in April.<\/p>\n<p>Business Insider&#8217;s Theron Mohamed was watching from the press box of the CHI Health Center in Buffett&#8217;s hometown of Omaha as the famous stockpicker spoke.<\/p>\n<p>Buffett drew chuckles from the crowd when he joked that Berkshire had turned over management of the money to Apple to make itself &#8220;look good,&#8221; and that was its &#8220;preferred way of operating.&#8221;<\/p>\n<p>He then underscored that Apple has turned that $35 billion, including dividends and both realized and unrealized appreciation, into $185 billion before tax.<\/p>\n<p>&#8220;And I didn&#8217;t have to do a damn thing,&#8221; he quipped.<\/p>\n<p>Apple remains Berkshire&#8217;s largest position, despite the company selling the majority of its stake over the past few years.<\/p>\n<p>Buffett then reflected on Apple celebrating its 50th anniversary in recent weeks. He said that Cook &#8220;succeeded a legend&#8221; when he took over as CEO from visionary cofounder Steve Jobs in late 2011, and that only a &#8220;very few percentage points of American investors had even heard&#8221; of the new boss.<\/p>\n<p>Read more <a href=\"https:\/\/americanhomejournals.com\/?p=94\">I was in the room when Warren Buffett gave a surprise interview at Berkshire\u2019s annual conference. The mood swung from excited to gloomy, then hopeful.<\/a><\/p>\n<p>&#8220;When we made our investment and turned over 10% of the resources of Berkshire, we were turning it over for Tim, and I say he&#8217;s turned that into $185 billion or something pretax,&#8221; Buffett added, joking that he &#8220;won&#8217;t bother to compare his record to that.&#8221;<\/p>\n<p>Cook has overseen a massive increase in Apple&#8217;s market valuation during his nearly 15 years in charge, from around $350 billion to $4.1 trillion as of Friday&#8217;s close.<\/p>\n<p>He&#8217;s been widely credited with scaling Apple&#8217;s manufacturing and distribution of hit products such as the iPhone, improving its global supply chain, and catering to China&#8217;s mushrooming middle class.<\/p>\n<p>&#8220;So I think it&#8217;s appropriate if Tim would take a bow and our shareholders would say thanks to him,&#8221; Buffett said.<\/p>\n<p>Cook, sitting a few rows behind Buffett in front of the stage, stood up to cheers and applause, waving and clasping his hands together to thank the crowd.<\/p>\n<p>Buffett has repeatedly heralded Apple as an incredible business and Cook as a world-class leader in recent years.<\/p>\n<p>&#8220;Tim Cook has made Berkshire a lot more than I have made Berkshire,&#8221; Buffett said at last year&#8217;s meeting.<\/p>\n<p>Read more <a href=\"https:\/\/americanhomejournals.com\/?p=92\">I helped block a data center in my town and learned how much power locals have<\/a><\/p>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>Warren Buffett unexpectedly thanked Tim Cook for making his Apple investment such a huge success during Berkshire&#8217;s shareholder meeting on Saturday.<\/p>\n","protected":false},"author":1,"featured_media":97,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-98","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - 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