Been following any news regarding Warren Buffett's investment decisions because I look up to him and want to one day be at least 1 percent as rich as he is.
Buffett recently made a decision to sell nearly $10 billion in Bank of America stock and after looking at that move for a while, it doesn't surprise me at all and I really don’t think it should shock anyone else who’s been paying close attention. This is definitely a classic Buffett move, selling while the value is still high but I think the long-term upside is fading. We’ve seen this happen before. Warren Buffett is a man of Patience, discipline and most especially, timing and doesn't gamble with monet at all. So when a person with such experience in investing starts taking away major holding I wonder if this move is less about fear of the future being bad and actually more about setting up for something even bigger.
The Wall Street clearly still sees Apple as a good investment but Buffett is very unimpressed with the company and if Buffett is unimpressed, then Apple investors should think carefully why that is and perhaps reevaluate their investment decided with that company
I'm saying this because I think he's always right, he's Human so he can make mistakes, but he's looking beyond the hype of the company and more on what it's resukts have been lately. People are complaining about the lack of innovation with Apple and their market value has dropped seriously and maybe Buffett thinks this will keep happening.
Yes at the moment Bank of America is in a good spot but Buffett doesn’t care about today, he cares about the next decade.
Then I've observed the stock he’s been buying, his own company's stocks. That’s the part that really got me thinking hard about why. Someone like Buffett is a long-term player, so you'd think he would be a little more stingy about stock repurchases, but he’s been steadily buying Berkshire’s own shares. He really believes in his firm and thinks it'll grow in value.
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