This podcast episode explores Apple's financials and its strategy, highlighting the impact of the company's stock buybacks, the importance of financial engineering, and the question of whether Apple deserves a peak market multiple. The discussion also covers the concerns about the China market, Apple's position in the China market, and potential areas of growth. Additionally, the episode touches on Treasury yields and their impact on interest rate sensitive sectors, the housing market and its trade opportunities, the performance and risks of Lyft and Uber, Berkshire Hathaway's concentration risk and investment in Apple, and the negative growth trajectory of Starbucks. The speakers also share their insights on Berkshire Hathaway's portfolio management, the upcoming Annual Shareholder Meeting, and the performance and challenges of Disney, especially in the streaming sector.
