Warren Buffett’s Had It With These Stocks!

Warren Buffett’s Had It With These Stocks!

Billionaire investor Warren Buffett's Berkshire Hathaway invests over $100 billion in individual stocks, and while Buffett's renowned for his patience, it appears he's pretty unhappy about the performance of IBM (NYSE: IBM) and General Electric (NYSE: GE). According to Berkshire Hathaway's quarterly 13-F report, Buffett spent last quarter reducing his ownership stake in Big Blue and unloading all his shares in GE.

IBM may be a big-cap technology stalwart, but its attempts to transform itself by focusing on next-generation technology has been slow to overcome headwinds associated with declining demand for its legacy hardware products.

IMAGE SOURCE: MOTLEY FOOL.

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Source: Fool.com