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Breaking news!
Buffett's big move!
Continuously selling Bank of America!
Cashing out over 10 billion US dollars!
Berkshire Hathaway, owned by Buffett, has made new moves again!
The latest regulatory documents reveal: They quietly sold 383 million US dollars of Bank of America shares in the past three days!
This is not the first time they have done this!
Since mid-July, this is the 14th time they have sold Bank of America shares!
The cumulative cash amount has exceeded 10 billion US dollars!
However, Berkshire still holds about 10.1% of Bank of America's shares,
which is worth about 31.4 billion US dollars!
What is Buffett thinking?
Buffett's choice to sell Bank of America shares may be based on his assessment of market trends and the prospects of the banking industry.
He may think that in the current economic environment, the banking industry faces certain challenges and risks, so he chooses to reduce his holdings of Bank of America shares to reduce investment risks.
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