Date: 2024-09-27 Page is: DBtxt003.php txt00026783 | |||||||||
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COMMENTARY
WARRREN BUFFETT Hamish Hodder: Warren Buffett Just Sold $20 Billion of Stock Original article: Peter Burgess COMMENTARY Peter Burgess | |||||||||
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Warren Buffett Just Sold $20 Billion of Stock
Hamish Hodder
May 6, 2024
172K subscribers ... 30,213 views ... 774 likes
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Warren Buffett just dropped a bombshell, in the last 3 months he’s sold about 13% of his Apple investment.
The quarterly filing released over the weekend revealed that he holds about 790 million shares of Apple, about 120 million less than the previous quarter.
That’s a whopping $20 Billion sale of stock, the equivalent of him selling his entire Coca Cola investment.
And it’s not like he needs the cash, he already has $190 Billion sitting on the side lines.
Fortunately for us, just 3 hours after the filing was released, Buffett took the stage for the Berkshire Hathaway shareholder meeting and explained why he decided to sell, and whether he plans on selling more throughout the year.
Surprisingly, his reasoning is probably not what you’d expect.
In fact, Apple isn’t even the only stock he’s been selling so let’s dive into this enormous sale of Apple stock, the other stocks he told us he’s been selling and also Buffett’s view on whether the stock market is potentially in a bubble.
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Disclaimer:
The information in this video is general information only and should not be taken as constituting professional advice from Hamish Hodder.
Hamish Hodder is not a financial adviser. You should consider seeking independent legal, financial, taxation or other advice to check how the information relates to your unique circumstances.
Hamish Hodder is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, by use of this video.
Transcript
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