The famous investor and financier Warren Buffett, the founder of the investment company Berkshire Hathaway, recently surprised the market with decisive actions - selling shares of the largest American companies on the eve of the 2024 US presidential elections.
Buffett's statements and actions always attract the attention of investors and may indicate expected changes or risks in the economy. We propose to consider that it is possible to encourage the legendary investor to take such a step and how it can affect the financial markets.
His company Berkshire Hathaway said it sold 25% of its Apple shares over the summer.
Buffett also disposed of several billion dollars worth of shares in Bank of America.
As a result, the "cash cushion" of Berkshire Hathaway grew to a record amount of $325.2 billion.
Experts polled by Reuters believe Buffett's cash hoarding represents "risk-off," "and investors may worry about what that means for the economy and markets."
