Warren Buffett Shifts Strategy: Sells Stocks, Hoards Cash
TL;DR Summary
Berkshire Hathaway, led by Warren Buffett, sold significant shares of Apple and Bank of America in the third quarter, indicating a view that the market is overvalued. Instead, Berkshire increased its holdings in short-term U.S. Treasury bills, which are considered ultra-safe assets. This move aligns with a broader trend of Buffett reducing stock investments, possibly signaling caution about current market valuations.
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