Berkshire Hathaway Is Hoarding $325B Cash From Apple Sales (097)
Update: 2024-11-05
Description
While the presidential election this November 2024 is big news, what's also big news is how Berkshire Hathaway has racked up a cash pile of $325 billion! Over the summer, Berkshire sold about 100 million shares of Apple or about $15B, and now their AAPL stake is only $70B. In addition, Berkshire sold more Bank of America to be a net seller of stocks in Q3 2024. While Warren Buffett's initial selling of Apple suggested a tax play, now his continued selling of arguably the "best company in the world," suggests he is tipping his hand that the stock market is overvalued. Time will tell if he'll be right that a buying opportunity lies ahead, or if the economy and stock market will continue their upward trends.
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