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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Mongo2116 who wrote (1475141)	8/3/2024 9:14:34 PM
From: Broken_Clock	Read Replies (1) \| Respond to of 1571318

Get some glasses. Buffett Calls The Top: Berkshire Quietly Dumps Half Its Apple Shares Amid Unprecedented Selling Spree by Tyler Durden Saturday, Aug 03, 2024 - 08:35 AM When yesterday we said, when discussing Buffett's ongoing liquidation of his Bank of America stake, that "Berkshire's rising cash stockpiles merely reflect the firm's inability to find deals in today's overvalued and weak economic environment", little did we know just how accurate that would be, because fast-forwarding just one day later we find that far from only dumping Bank of America, the 93-year-old Omaha billionaire had been busy quietly dumping his most iconic holding in an unprecedented selling spree that sent Berkshire's cash pile soaring by a record $88 billion to an all time high $277 billion at the end of Q2. [url=][/url] As shown in the chart below, in the second quarter (which ended June 30, and thus just two weeks after the Apple's Developer Conference which took place on June 10 and which was - at least on the day of - a total bust), Berkshire sold a net $75.5 billion worth of stock, the bulk of which we now know, came from Buffett's liquidation of half his Apple shares. [url=][/url] https://www.zerohedge.com/markets/buffett-calls-top-berkshire-quietly-dumps-half-its-apple-shares-amid-record-liquidation