Reported 2 days ago
Warren Buffett has sold off significant holdings in Bank of America and Citigroup, continuing a trend of stock sales from the previous year. He now focuses on high-yield investments, particularly U.S. Treasury bills, which he has increased by $13.8 billion. Buffett believes the current market is favorable for selling due to high valuations and low tax rates, and he emphasizes the importance of patience in seeking future investment opportunities.
Source: YAHOO