Reported 8 months ago
Berkshire Hathaway is rapidly selling off its Apple shares, reducing its stake by over two-thirds, to amass a record cash reserve of $325.2 billion. Warren Buffett's decision to divest comes as he anticipates an increase in capital gains taxes, which could affect future investments. Despite offloading shares, Apple remains Berkshire's top investment, valued at $69.9 billion, but Buffett is prioritizing maintaining liquidity in an uncertain fiscal environment.
Source: YAHOO