Reported 14 days ago
Warren Buffett has reduced his stake in Apple Inc. and other stocks, resulting in $97 billion in gains for Berkshire Hathaway, raising its cash reserves to a historic $325 billion. This unexpected move has analysts speculating that Buffett's strategy may be influenced by his principles regarding stock valuations, potential preparations for succession, or response to a looming crisis. Investors are left questioning the rationale behind accumulating such a significant cash pile amid declining third-quarter operating earnings.
Source: YAHOO