Here's the Stock Warren Buffett Spent the Last 9 Months Secretly Accumulating a $6.9 Billion Stake In
Warren Buffett hasn't seen a lot to like in the stock market recently.
With stocks climbing higher for the last 18 months, it's become harder and harder to find a great company trading at a fair price. The challenge is even more difficult for Buffett, who manages a portfolio of $377 billion in equities and $189 billion in cash for Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B).
The current environment is reflected in Buffett's portfolio management decisions. He's sold more stock than he bought in each of the last six quarters. But there's one stock that caught his eye in the third quarter last year, and he's been accumulating shares in each of the last three quarters.
Source Fool.com