Buffett says decision to sell some Apple stock ‘was probably a mistake’

Warren Buffett just wanted to say sorry.

The chief executive officer made a few blunt admissions at his annual meeting of Berkshire Hathaway Inc. shareholders on Saturday. Among them were regrets over Apple Inc. stock sales, the circumstances surrounding its airline share dump, and a failed healthcare venture.

“That was probably a mistake,” Buffett said of its decision to sell some of the iPhone maker’s stock last year. The move was also deemed an error by his business partner Charlie Munger, who had let Buffett know of his view “in his usual low-key way,” Buffett joked at the virtual meeting.

Buffett, 90, is no stranger to contrition. A portion of his shareholder letter in February was devoted to explaining his “big” error in overpaying for airplane-parts maker Precision Castparts.