Warren Buffett’s Apple bet ranks among the ‘best investments ever,’ Berkshire Hathaway shareholder Bill Brewster says

Warren Buffett’s Apple bet ranks among the ‘best investments ever,’ Berkshire Hathaway shareholder Bill Brewster says

Warren Buffett made "one of the best investments ever" when he bought Apple stock, investor Bill Brewster told Business Insider this week."It's a perfect example of what makes him great and why Berkshire has a bright future," the Sullimar Capital Group boss and "Value: After Hours" cohost said.Buffett's $10 billion Dominion Energy deal and apparent $5 billion in share buybacks is a positive sign for both Berkshire and the nation as a whole, Brewster said.Brewster also called for Buffett to use Berkshire's cash to "press the advantage" and capitalize on competitors' current weakness.Visit Business Insider's homepage for more stories.

Warren Buffett has been dismissed as "washed up" and told to reinvent himself after failing to deploy Berkshire Hathaway's $137 billion cash pile during the coronavirus crash.

But Bill Brewster “” a Berkshire shareholder who runs Sullimar Capital Group and cohosts the "Value: After Hours" podcast “” told Business Insider this week that the famed investor remains as sharp as ever.

"The criticism is laughable," he said. "Buffett made one of the best investments ever when he bought Apple."

Berkshire shelled out about $35 billion to amass 245 million of the iPhone maker's shares between 2016 and 2018. Apple stock has soared since then, boosting