Warren Buffett Is Selling Stocks at a Record Pace and Avoiding His Favorite Stock for the First Time Since 2018

Warren Buffett is commonly regarded as one of the most successful investors in American history. Shares of Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) have increased more than 5,400,000% since he took control of the company in the mid-1960s, due in large part to savvy acquisitions and stock purchases he engineered. Meanwhile, the S&P 500 (SNPINDEX: ^GSPC) has returned about 37,500%.Buffett reportedly manages 90% of Berkshire's investment portfolio, while his understudies Ted Weschler and Todd Combs manage the rest. Buffett is also permitted to repurchase Berkshire stock when he believes it's undervalued. So, we can assume Buffett was largely responsible for these decisions in the third quarter:Importantly, Berkshire reported $325 billion in cash and short-term investments in U.S. Treasury bills on its balance sheet as of Sept. 30. That number, coupled with the aggressive stock sales, suggests Buffett is struggling to find buying opportunities. Here's what investors should know.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool