The flagship investment house Berkshire Hathaway of Warren Buffet could have sold up to $5 billion worth of Apple stock last quarter, reports say. Citing SEC docs filed recently, Business Insider calculated Berkshire health to approximately 964.5 million Apple shares on September 30, worth about $112 billion. However, Berkshire disclosed $91.5 billion in Apple stocks on June 30. After considering Apple’s closing share price, Berkshire Hathaway reckons this means that the house owned 1.003 billion individual Apple shares at the end of the second quarter of 2020.

Warren Buffet’s Money Has Tripled Since 2018

Warren Buffet sold approximately 39 million Apple shares last quarter. This represents 3.8% of Berkshire Hathaway’s position in Apple. Back-of-the-napkin math shows that Warren Buffet’s latest Apple dump is anywhere from $3.5 billion to $5.2 billion. According to Business Insider, the house invested around $35 billion in Apple between 2016 and 2018. This means that Buffet has his money tripled ever since then.

The Huge Comeback of Warren Buffet

By far Berkshire’s biggest holding, the iPhone maker has featured dominantly in its stock portfolio over the past 5 years, making up as much as 40% of the total stock portfolio of Berkshire in July 2020.

That being said, Berkshire Hathaway’s decision to offload some of its Apple stock may not come as a surprise. Share prices of Apple stocks are up nearly 60% year-to-date, having set record highs this year. Taking some profits surely doesn’t hurt. Warren Buffet took advantage of this.

On the other hand, Berkshire has struggled to stay in the green throughout the current world events. The house is still down 1% for the year while the S&P 500 index is up nearly 10%. Share prices for Berkshire Hathaway do appear to be staging a comeback, though, having rallied 10% already in September.

Rehan Staton is only 24, but he’s already lived quite the life. After failing to get into college and becoming a sanitation worker, the man spent years trying to make something of himself. That perseverance finally paid off when he got accepted to Harvard Law School and proved that anything is possible.

Trouble At Home

Rehan was always smart enough to get into Harvard Law, but troubles during his childhood meant his grades weren’t the best. His father dedicated everything to looking after Rehan and his brother, but there was only so much he could do by himself. The man couldn’t always put food on the table, and that had quite an impact on his son’s time at school.

Building Himself Back Up

When he reached the end of high school, Rehan learned that no college wanted him. So, he found work at Bates Trucking and Trash. This job proved to be a blessing in disguise because the people there soon gave him the encouragement he needed to continue his studies. They inspired him to enroll at Bowie State University, where he remained until he transferred to the University of Maryland. It was hard work attempting to balance school with his job, but he put in the effort and came out the other end with a degree.

Finally Made It

After graduating, Rehan began working for a political consulting firm in Washington, D.C. At the same time, he studied for his LSAT, which he passed in the 80th percentile. That was when Harvard accepted him to their law program, and the years of hard work finally paid off. Although it was Rehan’s dedication that made this happen, he wouldn’t have gotten here without the support of his colleagues and the many sacrifices made by his family.

We wish Rehan all the best with his law degree and hope that his story inspires others to pursue their dreams.