One of Apple's richest and oldest fans finally switches from a flip phone to an iPhone

Considered one of the world's greatest investors, Warren Buffet traditionally stayed away from tech stocks until he started to amass a position in Apple years ago that now amounts to a 5.5% ownership stake in the company. As , even though Buffet considers Apple to be "probably the best business I know in the world," the 89-year old stuck with a $20 flip phone for years. But the so-called "Oracle of Omaha" has finally replaced his 2009 Samsung SCH-U320 with one of the new iPhone 11 models.

Buffet told CNBC that "You’re looking at an 89-year-old guy who’s barely ...

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