Warren Buffett Has Sold Almost $2.3 Billion of Bank of America Stock -- and It's a Direct Reminder of His $56 Billion Warning to Wall Street
For almost six decades, Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) CEO Warren Buffett has been putting on a clinic for Wall Street. Despite being just as fallible as any other investor, the Oracle of Omaha has overseen a greater than 5,260,000% return in Berkshire's Class A shares (BRK.A) since taking the reins in the mid-1960s.
Returns of this magnitude are why 40,000 people flock to Omaha, Nebraska, every year to hear Buffett speak about stocks, the U.S. economy, and the investing philosophy that's made him, and Berkshire Hathaway's shareholders, notably richer. It's also why investors pay very close attention to Berkshire's quarterly Form 13F filing, which details which stocks were purchased and sold in the latest quarter.
Berkshire Hathaway CEO Warren Buffett. Image source: The Motley Fool.
Source Fool.com