Reported 22 days ago
Warren Buffett, the CEO of Berkshire Hathaway, recently sold $10.5 billion in Bank of America shares, representing over a quarter of Berkshire's stake, amidst concerns about a potential downturn in the market. Despite this selling, Buffett has invested nearly $78 billion in repurchasing shares of his own company since mid-2018, a strategy to enhance shareholder value. While he remains a long-term investor, his recent actions raise questions about the future performance of Bank of America as interest rates change.
Source: YAHOO