News Formal

Warren Buffett's decision to sell stocks and raise record cash before sell-off sends wake-up call

  • 📰 CNBC
  • ⏱ Reading Time:
  • 22 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 33%
  • Publisher: 72%

Berkshire Hathaway Inc News

Berkshire Hathaway Inc,Apple Inc,Warren Buffett

Many Buffett watchers view the accelerated sale of his top holdings as a pessimistic call on the markets as well as the economy.

Warren Buffett is looking quite prescient as global equity markets plunged after it was revealed over the weekend that the investing legend dumped a lot in stock, including half of his Apple stake , and raised an unprecedented cash fortress for Berkshire Hathaway in the second quarter.

S. would skirt a recession while squashing inflation. That expectation was called into question with a weaker-than-expected July jobs report. The global markets fell into a deep rout on Monday as concerns about an economic slowdown deepened. The Dow Jones Industrial Average tumbled 1,000 points at one point, while Japan's Nikkei 225 plunged 12% in its worst day since the 1987 Black Monday crash for Wall Street.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Is This Warren Buffett Stock a Buy After Q2 Earnings Beat?Stocks Analysis by ValueWalk (Dave Kovaleski) covering: Moodys Corporation, Berkshire Hathaway B, Berkshire Hathaway Inc Class A. Read ValueWalk (Dave Kovaleski)'s latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »

Here are Warren Buffett's top stock holdings, revealed in Berkshire's latest quarterly earningsAbout 72% of Berkshire Hathaway's equity portfolio was concentrated in five stocks.
Source: CNBC - 🏆 12. / 72 Read more »