Pay No Attentopn To The Man Behind The Curtain! From BI: This morning, Warren Buffett spoke about Apple's stock price on CNBC's Squawk Box. He had some advice for Tim Cook: Ignore Greenlight Capital's David Einhorn.
Einhorn recently filed — then dropped — a lawsuit against Apple; Einhorn wants Apple to create a preferred stock that pays a dividend in perpetuity.
"I would ignore him," Buffet said. "I would run the business in such a manner as to create the most value over the next five to 10 years. You can't run a business to push the stock price up on a daily basis. Berkshire has gone down 50 percent four times in its history. When that happens, if you've got money you buy it. You just keep working on building the value."