Warren Buffett's Berkshire Hathaway sells $36 billion in stocks and holds more cash than equities
Warren Buffett's Berkshire Hathaway has sold $36 billion in stocks, including shares of Apple and Bank of America, and stopped buying back its own stock. This marks a significant shift as the company now holds more cash than equities. Buffett's sales may be influenced by expectations of rising corporate tax rates and regulatory thresholds for large shareholdings. The company is also preparing for potential acquisitions, with $320 billion in cash available for large deals. Market analysts suggest Buffett's actions could indicate a cautious view on stock valuations or a transition in management strategy as he approaches retirement. The full details of Berkshire's portfolio changes will be revealed in a regulatory filing on November 14.