Warren Buffett's Strategic Moves: Selling Stocks and Holding Cash

Warren Buffett's Berkshire Hathaway has been selling significant portions of its stock holdings, including a quarter of its Apple shares, to increase its cash reserves, which have reached a record $320.3 billion. This move is partly due to Buffett's cautious view of the stock market, as the market's value has soared to nearly double the U.S. GDP, a level he previously warned against. The "Buffett Indicator" suggests the market may be overvalued, prompting Buffett to stockpile cash for potential future opportunities.