Reported 2 days ago
Warren Buffett, known for his long-standing investment in Apple, has for the first time since 2018 decided not to purchase shares of his favorite stock, amid a significant sell-off and reduced stakes in various other companies. This shift comes as Berkshire Hathaway has cut its Apple position and is now holding a record cash reserve of $325 billion, which may signal a cautious outlook towards overvalued markets. Buffett's absence from buying back his own shares could suggest he anticipates a potential market correction in the near future.
Source: YAHOO