Warren Buffett Recently Sold 34 Million Shares of Bank of America. But That Doesn't Mean You Should
Here's an intriguing headline: "Warren Buffett's Berkshire trims Bank of America stake for the first time since 2019 after strong rally." And another: "Warren Buffett's Berkshire Hathaway sells 34 million Bank of America shares."
Buffett is arguably the best investor of the past few generations, averaging annual gains of around 20% for decades. So if his company, Berkshire Hathaway, is shedding lots of shares of Bank of America (NYSE: BAC), you might reasonably wonder if you should do the same.
The answer is, "Not necessarily."
Source Fool.com