Berkshire Hathaway's operating performance in Q3 was mixed, with a 6% drop in operating earnings, mostly due to losses in the insurance underwriting segment. Warren Buffett's reduction in equity expos

Warren Buffett Cuts His Stake in Apple (Again)

09:05am, Sunday, 10'th Nov 2024
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Berkshire Hathaway sold large portions of some of its biggest stock holdings in the third quarter.
Berkshire was a net seller of $127 billion of stocks this year, bringing its equity portfolio down to $300 billion and nearly doubling its cash position to a record $311 billion.
Stocks are historically expensive -- even the company nearest and dearest to the Oracle of Omaha's heart -- and this is reflected in Buffett's trading activity.
Buffett's record-setting cash pile speaks volumes about how he feels about the stock market right now.
Berkshire Hathaway (NYSE:BRK.B) reported its Q3 2024 results on Nov.
Though taxes and succession have been cited, the surprise selling could be due to this singular risk.
Or has Buffett turned bearish on the market?
Berkshire Hathaway continued its selling spree of Apple and Bank of America in the third quarter.
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