Reported 2 months ago
Warren Buffett, CEO of Berkshire Hathaway, has alarmingly sold over $3.8 billion in Bank of America stock within two weeks, selling 90 million shares over 12 consecutive trading days. This dramatic sell-off may indicate a lack of value in current market conditions, as the stock trades above its book value for the first time in 15 years. With Buffett's recent pattern of net-selling across multiple quarters and his concerns about the market's casino-like behavior, investors should heed this warning about potential challenges facing Wall Street.
Source: YAHOO