Reported about 11 hours ago
Warren Buffett is shifting his investment strategy by selling substantial shares in Apple and Bank of America, totaling $133 billion in stock sales this year, while reallocating much of this capital into short-term Treasury bills, which currently offer attractive yields. Despite the sales, Apple remains Berkshire Hathaway's largest equity position, and Buffett's actions indicate a view that these stocks are relatively overvalued. He believes this strategy ensures liquidity and safety amidst uncertainties in the stock market.
Source: YAHOO