Reported 3 days ago
Warren Buffett, the billionaire CEO of Berkshire Hathaway, has sold 39% of the company's stake in Bank of America over the past three quarters, while simultaneously increasing his investment in Domino's Pizza, which has seen a staggering 7,700% rise since its IPO. Buffett's reduction in Bank of America shares may be viewed as profit-taking, although it raises questions about the bank's current valuation amidst shifting interest rates. In contrast, his investment in Domino's is fueled by the brand's strong consumer trust and impressive growth strategy.
Source: YAHOO