Warren Buffett sold shares of Apple and Bank of America, but American Express remains stable.
From Nasdaq: 2025-03-03 06:21:00
In 2024, Warren Buffett’s Berkshire Hathaway saw a 27% return on class B shares, outperforming the market. Despite this, Buffett sold off parts of Apple and Bank of America, indicating concerns about market overvaluation. However, Berkshire maintained other long-held positions, suggesting a cautious approach to investing.
Buffett’s history with American Express dates back to 1991, with Berkshire providing capital and eventually acquiring over 150 million shares. American Express’s strong brand and credit card network have made it a stable investment for Berkshire, comprising 15% of its portfolio without being sold for 27 years.
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Read more at Nasdaq: Warren Buffett Has Sold Over 950 Million Shares of Apple and Bank of America. But the Billionaire Has Made a Killing on 1 Stock He Hasn’t Touched in 27 Years
