$5.4 Billion
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wrote on 31 Aug 2024, 13:30 last edited by
Buffett selling Bank of America shares...
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wrote on 31 Aug 2024, 16:24 last edited by
And yet their stock is up over 20% this year.
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wrote on 31 Aug 2024, 17:46 last edited by
Buffett sold 50% of his AAPL at less than $200, and has kept the proceeds in cash as far as I'm aware. That incinerated about 35 billion dollars compared to if he'd kept his money in till today. AAPL remains his largest holding though, so it's difficult to say he's lost faith in the company.
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wrote on 31 Aug 2024, 18:24 last edited by
And he’s still the largest shareholder in BAC.
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wrote on 31 Aug 2024, 19:20 last edited by
Just freeing up cash to get some bitcoin
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wrote on 31 Aug 2024, 19:24 last edited by
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wrote on 31 Aug 2024, 21:16 last edited by
If it's making money and the fundamentals are good, why sell?
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wrote on 31 Aug 2024, 22:11 last edited by
@Jolly said in $5.4 Billion:
If it's making money and the fundamentals are good, why sell?
Who knows? I don't have a freaking clue about this stuff. Maybe he's worried about Donald Trump getting elected. Maybe he's planning a bathroom extension.
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wrote on 1 Sept 2024, 00:52 last edited by
@Jolly said in $5.4 Billion:
If it's making money and the fundamentals are good, why sell?
He does not believe in long term buy and hold, at least not wholly.