Warren Buffett's Berkshire Hathaway Earns $25 Every Second
Digest more
Warren Buffett is dialing back his favorite investment, selling a chunk of Apple Inc. (NASDAQ:AAPL) stock while praising CEO Tim Cook and amassing the largest cash hoard in Berkshire Hathaway's history.
Warren Buffett has cashed in a net $177 billion of stocks because he expects a downturn and plans to capitalize, Wedbush's Paul Dietrich said.
Berkshire Hathaway’s portfolio added six new stocks, including the three new secret stocks. Warren Buffett was a net seller of stocks for the eleventh straight quarter.
The conglomerate sold Apple shares during the second quarter, though the iPhone maker remains Berkshire’s largest stockholding.
Berkshire Hathaway is undergoing a significant change, and the stock has slumped in recent months. Here's why it could be a buying opportunity for investors.