Reported 9 days ago
Warren Buffett, the renowned CEO of Berkshire Hathaway, has raised alarms on Wall Street by selling off about $9 billion in Bank of America shares, showcasing a strategic shift as he senses overpriced stock valuations. Despite his long-term optimism towards the U.S. economy, recent market conditions prompted Buffett to sell off equities as a means to lock in profits and wait for better buying opportunities amid rising corporate tax rates and substantial market overvaluation.
Source: YAHOO