Warren Buffett amasses more cash and sells more stock, but doesn't explain why in annual letter
Publishing timestamp: 2025-02-22 09:57:26
Summary
Warren Buffett's defensive stance deepens as he sells more stocks, grows cash pile, and fails to explain his strategy in annual letter. Despite holding record cash, Buffett reassures shareholders that majority of their money will remain in equities. Berkshire sold over $134 billion worth of stocks in 2024, mainly due to shrinking holdings in Apple and Bank of America. Buffett continues to sit on his hands amid a raging bull market, with some concerns about slowing economy and stock valuations. Buffett endorses designated successor Greg Abel's ability to pick equity opportunities.
Sentiment: MIXED
Keywords: berkshire hathaway inc, markets, apple inc, breaking news: business, breaking news: markets, warren buffett, investment strategy, business news, wall street, breaking news: investing, bank of america corp, stock markets,