Warren Buffett appears to have soured on stocks, letting cash at Berkshire Hathaway (BRKa.N), opens new tab soar to nearly $277 billion and selling about half its stake in Apple (AAPL.O), opens new tab, even as the conglomerate posted a record quarterly operating profit.
Berkshire’s results released on Saturday suggest the 93-year-old Buffett, one of the world’s most revered investors, is growing wary about the broader U.S. economy, or stock market valuations that have gotten too high.
Source: REUTER
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