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Warren Buffet exits long time positions in sizable portfolio trimming

Warren Buffet exits long time positions in sizable portfolio trimming

Investor Warren Buffet has admitted that betting on airlines has been a ’mistake’. Berkshire Hathaway has sold 84% of its position in Goldman Sachs and trimmed other positions including Bank of New York/Mellon, Delta Airlines, Southwest Airline and U.S. Bancorp. The move comes on the back of BH reporting a $50bn net loss in this year’s first quarter. The sell-off brings its cash pile to $137bn.

Abraham
Abraham
Scott Hallinan
Scott Hallinan 3 months

Good. Maybe the 1% will lose some of their choke hold on our economy.

Son Of Shaw
Son Of Shaw 3 months

Man what a loser! Who does he think he is, spending his money and moving it around!

Márton
Márton 3 months

Preparing for the inflation of USD i suppose...

Joseph Cribari
Joseph Cribari 3 months

When you can never be rich enough

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