May 2, 2026

Warren Buffett discussed the immense pressure Tim Cook faced when succeeding Apple founder Steve Jobs, and how Cook successfully managed that pressure. Buffett stated, "How much courage does it take to replace Steve Jobs and even surpass his achievements? It is nothing short of a miracle in American business history. After Steve's passing, we made the investment decision to allocate nearly 10% of Berkshire's resources to Apple, effectively placing that trust in Tim's hands. He has since turned that into approximately $185 billion in pre-tax returns."