Reported 21 days ago
Warren Buffett has adopted a cautious investment stance ahead of the US presidential election, amassing a record cash reserve of $325 billion, selling $36 billion in stocks, and halting buybacks of Berkshire Hathaway shares. He notably reduced his large stakes in Apple and Bank of America due to concerns about high stock valuations, leading industry experts to suggest that Buffett's strategy indicates a risk-averse approach to the current economic climate.
Source: YAHOO