Buffett has remained relatively quiet during the coronavirus market downturn: Rather than make any “elephant-sized” acquisitions, he’s trimmed Berkshire’s holdings—mostly banks and airlines so far—and grown its cash pile to $137 billion.
The Oracle of Omaha’s biggest recent move was to sell off most 84% of his stake in Goldman Sachs, a longtime holding which he famouslyBuffett decreased his stake in Goldman, which saw its stock plunge over 30% in the first quarter, from over 12 million shares to just under two million; His remaining investment is valued at around $330 million, Berkshire’sBerkshire Hathaway cut its stake in another bank, JPMorgan Chase & Co.
Berkshire has been doing some small-scale buying during the pandemic as well, however: Buffett ended up boosting the conglomerate’s stake in PNC Financial Services Group, a bank which is among the biggest lenders in the United States, to 6%.
skleb1234 Pre-Market “miracle cure” news — Always follow clear signs of a serious downturn. Coincidence? No.
skleb1234 Have a marvelous Monday! Ahead of us
skleb1234
skleb1234 So you follow... if this move is surprising then you know he knows what you don’t know. The invest game is for a small circle.. if you glean some valuable info from them then you know you got a good hand
skleb1234 He knows exactly what he’s doing. His number one principal that created his extraordinary wealth to always invest and never speculate. The current level of market volatility and uncertainty does not allow for sound investment right now, only speculation. 👈👈
skleb1234 Hes not worried about a mask, he’s making money. Open up America 🤗🤗🤗
skleb1234 The famous post-Crash double dip is incoming?
skleb1234 Betting on stocks to decline is another way to make $ in the stock market. He’s not losing.
skleb1234 How fast can he sell stock during COVID-19 crisis?
skleb1234 Pushing 90, so who needs stocks?
skleb1234 He’s waiting for the bottom and then he’ll make his move. He wants more $$$ than Bezos.
skleb1234 😲😲😱😱👇
skleb1234 I'm going the hair, fellas.
skleb1234 Making the move good:)
skleb1234 Buy & Sell :)
skleb1234 While John Brennan, James Comey, and Andy McCabe were pushing hoax coup theories, Las Vegas happened (there were two shooters). Lindsay Graham is refusing to pursue justice for these crimes. YouCantHideRed
skleb1234 Cash on hand seems to be the better option once everything drops after all the aid times out.
skleb1234 so?
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Forbes - 🏆 394. / 53 Read more »