Two Years Ago Steve Jobs Called Warren Buffett And Asked For Investment Advice

 Steve Jobs | Warren Buffett

Two years ago Steve Jobs called up Buffett and said "We've got all this cash. Warren, what should we do with it?"

After discussing several options, Buffett recommended repurchasing Apple stock, which Jobs said he knew was undervalued.

Jobs didn't take his advice, deciding instead to sit on his cash.

At the time Apple stock was trading around $200. Now it trades at $522.

Buffett says about the company: "I've never bought Apple, but I wish I had."

(Source- Warren Buffett on CNBC)