Warren Buffett Sells Another $981 Million in Bank of America Shares in Unprecedented Stock Sell-Off, Including Apple
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Legendary investor Warren Buffett has continued his unprecedented stock selloff, unloading nearly $1 billion in Bank of America shares.
This latest decision comes amid growing investor anxiety over a potential global recession and increasing scrutiny of the Biden administration’s economic policies.
As of the end of June, Berkshire Hathaway, Buffett’s investment firm, boasted a staggering cash reserve of $278 billion—a figure that has surged 65% since the beginning of the year.
According to financial analysis platform Finimize, this marks the steepest relative cash position for Berkshire since 2005, just before the onset of the global financial crisis.
According to the outlet, “While you could argue that Buffett was too early in slashing his market exposure back then,
