"Why Warren Buffett Sold $2 Billion of Apple Stock"

1 min read
Source: The Motley Fool
"Why Warren Buffett Sold $2 Billion of Apple Stock"
Photo: The Motley Fool
TL;DR Summary

Warren Buffett sold nearly $2 billion worth of Apple shares at the end of last year, likely for tax purposes and to offset losses from other stock sales. This isn't the first time he's sold Apple shares for tax reasons, and he has admitted in the past that it may have been a mistake. However, the sale represents only about 1% of Berkshire's total position in Apple, and the company's stock currently offers good value, trading at a premium due to its capital return program and free cash flow generation. Ultimately, Buffett's investment decisions demonstrate that there are various reasons for selling stocks, and it doesn't necessarily reflect a lack of confidence in the company.

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