Warren Buffett Sold More Than $13 Billion in Stocks. Here's How Investors Should Take the News.
People pay attention when famed investor Warren Buffett speaks. They pay even more attention when his business, Berkshire Hathaway (NYSE: BRK.A), acts, whether buying or selling stocks. That's why, when it was disclosed that Berkshire Hathaway sold about $13.3 billion worth of shares in the first quarter of this year, some people took it as an sign of dire things to come for the U.S. economy.
Much talk surrounding the U.S. economy has been on whether and when a recession is coming. For people who may have already been on the fence, Berkshire Hathaway's share sales served as another confirmation it might arrive soon.
Source Fool.com