$5.4 Billion

[Jolly]

Buffett selling Bank of America shares...

https://www.reuters.com/business/finance/billionaire-investor-buffett-offloads-bank-america-shares-worth-982-mln-latest-2024-08-28/

[jon-nyc]

And yet their stock is up over 20% this year.

[Horace]

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.

[jon-nyc]

And he’s still the largest shareholder in BAC.

[Rich]

Just freeing up cash to get some bitcoin

[Doctor Phibes]

@Rich said in $5.4 Billion:

Just freeing up cash to get some bitcoin

I was thinking Truth Social.

[Jolly]

If it's making money and the fundamentals are good, why sell?

[Doctor Phibes]

@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.

[Axtremus]

@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.