Reported 2 months ago
Berkshire Hathaway's recent decision to halve its Apple stake has raised eyebrows following a significant drop in both companies' stock prices. Despite this move, analysts suggest that investors should not panic, as Berkshire's cash reserve of $277 billion provides ample opportunity for future investments. Warren Buffett's motivations may include tax considerations, as proposed capital gains tax hikes loom. The situation may also ease concerns about Berkshire's heavy reliance on Apple, which still makes up nearly 30% of its portfolio. Overall, analysts maintain a 'Moderate Buy' rating for Berkshire Hathaway, viewing it as a defensive investment moving forward.
Source: YAHOO