Warren Buffett Continues Dumping BofA Shares Warren Buffett’s ongoing liquidation of his Bank of America stake comes right before the Federal Reserve’s expected start of the interest rate-cutting cycle in mid-September. Additionally, Buffett has halved his Apple holdings and amassed a record amount of cash. At 93, it seems the billionaire investor is bracing for a rough patch in the US economy. Buffett’s Berkshire Hathaway has been on a six-week selling spree of Bank of America shares, trimming its entire position by nearly 13% and generating upwards of $5.4 billion in proceeds, according to Bloomberg. Berkshire’s latest filing shows that since last Monday, another $982 million worth of shares were… — Continue at ZeroHedge News : Read More
