Buffet grows in Apple and sell Wal-Mart

Warren Buffett, the Oracle of Omaha, goes against and challenge the world of finance betting on Apple even as large funds in retreat. Through his investment company Berkshire Hathaway, Buffett has increased its stake in Apple by 55% and at the same time announced that it has reduced in Wal-Mart stores, the largest retailer in this world in the portfolio for more than a decade.

In late June Berkshire had held 15.23 million Apple shares worth 1.46 billion dollars (at the end of March, the titles were 9.81 million). A close up on the company following the announcement of that Buffett: in May, in fact, he declared its intention to acquire new titles for about a billion dollars.
The announcement did not go unnoticed because the price of Apple shares rose 20% after a lull.

While other large finance from George Soros to Carl Ichan, passing through the major hedge funds, have reduced exposure to the company Cupertino, Buffett believes that the market is waiting for the new iPhone version to come back to buy .