Warren Buffett did not become a billionaire by being stupid.
Earlier this year, Buffett shocked the investing community when his company sold off half the Apple shares that it was holding… The number of Apple shares that Berkshire Hathaway has dumped is absolutely astounding.
According to Forbes, Buffett is worth more than 144 billion dollars, and that makes him one of the wealthiest men in the entire world.
He made his money in the stock market, and so why is he now pulling money out of the stock market at a feverish pace?
Warren Buffett is clearly concerned about the short-term future.
He has been dumping hundreds of millions of shares, and it appears that this could end up being one of the best moves of his entire career.
It is being reported that close to 500 million shares were sold during the first and second quarters combined… More recently, Berkshire Hathaway has been selling off Bank of America shares… Buffett’s moves look quite savvy based on what has been happening so far this month.
No comments:
Post a Comment