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Buffett has been selling other stocks, too. Buffett also made waves over the past few weeks with news that he sold a chunk of Bank of America stock in increments as well. In July, he sold $2.3 ...
Warren Buffett didn't become one of the world's richest people by selling stocks just to turn a quick profit. Instead, his investing philosophy is built around buying shares of high-quality ...
Still, this is the first sale of the stock by Buffett since 2019, when he trimmed the stake for regulatory reasons, before Berkshire received permission to own more than 10% of the stock.
The bank stock was once Berkshire's second-largest position after Apple (NASDAQ: AAPL), but Buffett is selling it and likely buying this high-yield investment instead. Warren Buffett in a suit and ...
Why Buffett is selling. Much of Berkshire's stock sales have come from its large stake in Apple, which has been Berkshire's biggest holding for several years. And Buffett has sung the company's ...
The stock would crater the next day, and Berkshire wouldn't be able to sell for as high a price. I'm not saying that's what was actually on Buffett's mind here, but there is some truth to that view.
Also, Berkshire and Buffett might be preparing for either a slowdown in the economy or a drop in the stock market. Berkshire has loaded up on nearly $235 billion of short-term Treasury bills.
Buffett was on Coca-Cola’s board of directors at the time, a position that made it difficult for him to sell the stock, even though he likely knew it was overvalued.