Warren Buffett's decision to offload Apple shares reflects a shift in investment strategy, aimed at increasing cash reserves amid uncertain tax policies and market conditions.
Berkshire Hathaway's cash reserves skyrocketed to an unprecedented $325.2 billion, surpassing the market value of its equities for the first time, as Buffett scales back on equities.
In the face of rising capital-gains taxes and market volatility, Berkshire Hathaway has sold over two-thirds of its Apple stakes, a major shift for the investment giant.
Despite heavy sales, Buffett's strategy appears justified, as Berkshire Hathaway's shares have risen 52% over the last three years, significantly outperforming the S&P 500.
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