Berkshire Hathaway, the investment company owned by Warren Buffett, has recently sold a significant number of Apple shares. Despite this move, Buffett’s confidence in the company remains unwavering. During Berkshire Hathaway’s first quarter shareholder meeting in Omaha, where up to 40,000 shareholders have gathered, Buffett explained the reasons behind the share sales. The company’s cash reserves are currently at around $189 billion.

Warren Buffett has long been an advocate for higher taxes on the wealthy and emphasized that Berkshire Hathaway pays whatever taxes the government requires. The company paid five billion dollars in federal taxes last year alone. Buffett’s other significant investments include American Express and Coca-Cola, alongside Apple. He expressed confidence that these companies will remain in Berkshire’s portfolio, even with the succession of Greg Abel as the new executive.

Buffett has provided insights into the future of his company and its investment strategy at the age of 89. Despite its massive size, Berkshire Hathaway continues to generate remarkable profits which have made Buffett one of the most successful investors in the world.