By: Mat Lystra, Sr. Research Analyst
Famed value investor Warren Buffett recently made news when his company, Berkshire Hathaway, bought a stake in Apple, arguably the world’s best known growth stock. As a high flying tech stock, Apple isn’t the kind of company Buffett has normally sought to own. But as the 2016 FTSE Russell reconstitution of the Russell US indexes begins, it appears that once again Buffett knew something the rest of us didn’t. Apple’s style allocation will shift from 100% growth to 92% growth and 8% value. So it turns out that Buffet was buying a value stock after all (however small the allocation might be).