Warren Buffett expressed high praise for Apple CEO Tim Cook during Berkshire Hathaway's annual meeting, highlighting Cook's leadership abilities and effective management of the company. Buffett humorously remarked that Cook had generated more wealth for Berkshire than he ever had. Despite selling two-thirds of its Apple stake in 2024, Berkshire's investment had grown spectacularly from $35 billion to $173 billion. Buffett compared Cook favorably to Apple cofounder Steve Jobs, noting that while Jobs created the company, Cook developed it to unprecedented heights since 2011, with remarkable stock performance and market capitalization growth.
Tim Cook has made Berkshire a lot more than I have made Berkshire, quipped Buffett, acknowledging Berkshire's huge investment growth under Cook's leadership.
I knew Steve Jobs briefly... Nobody but Steve could have created Apple, but nobody but Tim could have developed it like it has, Buffett stated.
Since Cook took the reins in 2011, Apple stock has soared from under $15 on a split-adjusted basis to $205, a roughly 14-fold gain.
Buffett praised Cook as a one-of-a-kind leader and worthy successor to Steve Jobs, underscoring Cook’s ability to develop and grow Apple.
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