Reported 28 days ago
Warren Buffett has sold 26% of Berkshire Hathaway's stake in Bank of America, amounting to over $10 billion, amid rising stock market valuations and potential corporate tax increases. While he moves away from BofA, Buffett is significantly investing in Chubb, a property & casualty insurer that has risen 33,000% since its IPO, capitalizing on its consistent cash flow and robust buyback programs.
Source: YAHOO