Warren Buffett has sold another $6 billion in shares, making it his third year of quietly unloading chunks of his vast portfolio. This move comes as Berkshire Hathaway’s reserves hit a record $382 billion, fueled by cash parked in short-term Treasurys and other assets.
The 95-year-old investor, who plans to step down as CEO at the end of the year, has remained on the sidelines for months, refusing to buy back Berkshire stock or make new big-ticket investments while markets surge. This decision has raised concerns that Buffett sees storm clouds ahead.
Analysts note that Buffett’s pullback follows losses in Berkshire’s energy division and a decline in his stake in Apple, one of his largest holdings. The billionaire’s cash reserves now hold the highest percentage since 1990, sparking questions about whether he believes the market is overvalued.
Buffett’s move has sent a chill through Wall Street, with investors weighing the significance of his decision. As one fund manager put it, “If even Warren Buffett is selling, it’s time to ask what he’s seeing that the rest of us aren’t.”
Source: https://www.dailymail.co.uk/yourmoney/article-15254125/warren-buffett-stock-exit-warning.html