Steve Jobs' laser-sharp focus made Apple a world-beater. Warren Buffett takes the same approach to investing.
of his stock portfolio. One reason he prizes the tech titan is its laser-sharp focus — a key element of Steve Jobs' business philosophy that Buffett also embraces.former Nike CEO Mark Parker, according to Carmine Gallo, the author of"The Innovation Secrets of Steve Jobs."
The investor and his team showed their admiration for Apple by plowing over $30 billion into the company between 2016 and 2018. The tech stock has more than quadrupled in price since then, and currently trades at close to a record high, largely due to a handful of hit products such as the iPhone and AirPods.
Like Jobs, Buffett has repeatedly underscored the vital importance of focus. The investor has been quoted as saying,"The difference between successful people and really successful people is that really successful people say no to almost everything." The stock picker's roughly $330 billion stock portfolio is also highly concentrated, with five companies including Apple and Coca-Cola accounting for more than 75% of its total value. Moreover, he aims to invest solely in businesses and sectors that lie within his"circle of competence" or understanding, and turn down all but the best opportunities.
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