Reported about 1 month ago
Warren Buffett, the CEO of Berkshire Hathaway, has sold approximately $5.4 billion worth of Bank of America shares, marking his company's eighth consecutive quarter of selling more than buying. This move, amidst historically high stock valuations reflected in the S&P 500's Shiller P/E ratio, has raised alarms about potential economic troubles ahead. Buffett's selling trend, alongside a massive cash reserve now exceeding $276 billion, suggests he may be positioning for future investment opportunities during market downturns.
Source: YAHOO