'Sage' of Omaha Buffett cuts Apple stake, boosting cash holding to record level 😔

'Sage' of Omaha Buffett cuts Apple stake, boosting cash holding to record level 😔

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'Sage' of Omaha Buffett cuts Apple stake, boosting cash holding to record level
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Berkshire Hathaway sold off 100 million Apple shares in Q3, reducing its investment to 300 million shares valued at $69.9bn. This marks a significant decrease from $174.3bn last year. Analysts express concern over Buffett's cash accumulation and speculate on the impact of Charlie Munger's death on these decisions. Despite the sell-off, Berkshire's Q3 profits rose to $26.25bn, contrasting with a loss of $12.77bn a year ago. Operating earnings were down 6% at $10.09bn.

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