Is Apple the Next Kinder Morgan or Fox for Buffett?

The transcript discusses Warren Buffett's investment strategy through his deputies, Todd Combs and Ted Weschler, who invested in Apple. It contrasts this with Buffett's previous tech investment in IBM, which was not successful. The discussion highlights the potential of Apple's cash reserves and low trading multiple as attractive investment opportunities. The deputies' long-term investment horizon is emphasized, suggesting they are less concerned with short-term results and more focused on Apple's future developments, such as self-driving cars.

What themes did investors discuss regarding Apple's financial situation?

What factors might contribute to the success or failure of the investment in Apple?