Steve Jobs before his death spoke with Warren Buffett about what to do with Apple’s extra cash on hand, but didn’t take his advice. Buffett suggested that Jobs buy back Apple stock but Jobs “just liked having the cash.

Buffett may be the world's most well-known value investor -- an investor who buys a stock when it's trading below its intrinsic value, with the idea that the rest of the market will eventually recognize the company's strengths and hop on board. And that will push the stock higher, delivering gains to those who got it for a good price.

Warren Buffett's Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) recently released its latest 13F filings, unveiling its recent positions, and telling investors which stocks it bought and sold since the last quarter.

Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer. The Motley Fool reaches millions of people every month through our premium investing solutions, free guidance and market analysis on Fool.com, top-rated podcasts, and non-profit The Motley Fool Foundation.

Warren Buffett's Berkshire Hathaway nearly doubled its cash pile to $334 billion, sold a net $134 billion of stocks, and paid $26.8 billion to the IRS.

Warren Buffett turned a $40 billion Apple investment into $150+ billion, marking his most profitable investment ever. Learn the key principles behind this success and how they apply to all investors,

The great majority of your money remains in equities,” Buffett wrote in his highly-anticipated annual letter. “That preference won’t change.”

In his annual letter to shareholders this weekend, Warren Buffett celebrated the successes of Berkshire Hathaway’s companies last year and in the 60 years since he took over a struggling New