"Investor's Bold Bet on Berkshire Hathaway Amid Apple Overvaluation Concerns"

Christopher Bloomstran, a major investor in Berkshire Hathaway, believes that Apple is overvalued due to its slow revenue growth and mammoth stock repurchases, despite being the top holding in Berkshire Hathaway’s portfolio. He also argues that Berkshire Hathaway is undervalued and predicts it will earn between 10% and 12% of its equity over a decade. Meanwhile, U.S. stock futures were flat after a surge in the S&P 500, and the chief economist of Apollo Global Management warns of a bumpy road ahead as the Fed continues its quantitative tightening program.