In the recent market, legendary investor
Warren Buffett and
Berkshire Hathaway have made significant moves with their holdings. They've reduced their stake in the Bank of America as buybacks pushed it above 10%. Additionally, they sold $800 million worth of a certain Artificial Intelligence (AI) stock while purchasing another $345 million worth of Buffett's preferred stock. These sales along with purchases are said to signal certain market conditions. Still, despite market fluctuations, parsing Berkshire Hathaway's portfolio reveals several stocks that they have continued to hold onto, disregarding their valuation. In some instances, they have even increased their holdings, like for
Sirius XM, where their stake was raised to 32% after a deal with Liberty. Some of their top picks in October 2024 were incredibly cheap buys, providing attractive investment opportunities. Given Berkshire Hathaway's recent activity, questions have been raised over whether individual investors should follow suit. Particularly as billionaire investor David Einhorn has suggested Warren Buffett's sales indicate a potential market overvaluation.
Berkshire Hathaway stocks News Analytics from Fri, 16 Aug 2024 07:00:00 GMT to Sat, 19 Oct 2024 21:47:38 GMT -
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