Warren Buffett's and Greg Abel's $175 Billion Warning Echoes Loudly Through Wall Street
Berkshire's bosses have been net sellers of stocks in 14 of the last 15 quarters.
Overview
Two events that always seem to captivate investors' attention are Berkshire Hathaway's (NYSE: BRKA)(NYSE: BRKB) operating results and its quarterly Form 13F filing. Given the phenomenal investing track record of Berkshire's now-retired CEO, Warren Buffett, and his protégé, Greg Abel, it pays to know which stocks are intriguing Berkshire's bosses.
But over much of the last four years, Buffett's and Abel's investing activity hasn't meshed with the long-term ethos they've preached. Even though Berkshire's new CEO, Abel, was a net buyer of stocks in the June-ended quarter, to the tune of $19.8 billion, this dynamic duo has been a net seller of equities since October 2022.
Details
For those willing to dig beneath the headlines, it's impossible to miss Warren Buffett's and Greg Abel's warning to Wall Street.
Source
Originally published at www.fool.com.