Berkshire Hathaway CEO and well-known financier Warren Buffett states he ‘d be purchasing more Apple shares if it were “less expensive.”

“If it were less expensive, we ‘d be purchasing it,” Buffett stated in a Monday early morning interview with CNBC’s Becky Quick, co-host of Squawk Box. “We aren’t purchasing it here.”

He likewise stated that regardless of the reality that Berkshire Hathaway cut its Apple stake in the 4th quarter, he has actually “never ever offered a share.” Rather, he states it was a supervisor at the company who had actually offered Apple shares to put towards a brand-new financial investment. Berkshire Hathaway presently owns a 5.4% stake in Apple, valued at around $447 billion.

Apple stock is presently trading at $17534, below the $20705 rate it struck in August when it ended up being the very first United States business to be worth $1 trillion on the general public markets.

The interview comes days after Buffett released his yearly letter to investors on February 23, in which he went over subjects such as his strategy to buy the business’s own stock, to name a few products.

It’s not the very first time the 88- year-old financier has actually revealed interest in contributing to his Apple holdings if the business’s rate were to drop. “From our perspective we would like to see Apple decrease in rate,” Buffett stated in May throughout his yearly investors conference. “We quite authorize of them redeeming shares.”

In the very first quarter of 2018, Berkshire Hathaway included 75 million shares to the 165.3 million shares it owned at the end of 2017, as CNBC reported last May.

“No one purchases a farm based upon whether they believe it’s going to drizzle next year or not,” he stated to CNBC at the time. “They purchase it since they believe it’s a great financial investment over 10 or 20 years.”

Watch Buffett’s Monday early morning interview on CNBC’s Squawk Box listed below: