Reported about 1 month ago
Veteran fund manager Doug Kass expresses alarm over Warren Buffett's recent decision to sell significant portions of his long-held stocks, such as Apple and Bank of America. Kass suggests that these actions may indicate a bearish outlook on the economy, diverging from Buffett's historically positive stance on U.S. equities. Despite Berkshire Hathaway's strong long-term performance, the sales have raised questions about Buffett's current market sentiment as the firm contemplates its substantial cash reserves.
Source: YAHOO