Why Warren Buffett Is Reducing His Stake in IBM

The transcript discusses Warren Buffett's investment in IBM, highlighting the challenges he faced due to IBM's declining business performance. Despite his initial confidence, IBM's shrinking sales and lack of growth did not align with Buffett's investment philosophy. The discussion also touches on Buffett's limited understanding of technology investments, as seen in his approach to IBM and Apple. The transcript concludes with insights into Buffett's investment principles, emphasizing intrinsic value and skepticism towards companies focused on meeting adjusted earnings rather than improving business fundamentals.

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