Berkshire Hathaway

[money]

Part of the cash pile is from selling Apple. Interesting he digress to taxes and said it is likely to rise and concluded that he wouldn't mind selling some Apple

https://www.reuters.com/business/finance...ely%20grow.

I wasn’t expecting “some” to be 1/2

Given the high pe that apple is still trading today, my guess is buffett will continue to sell down the apple stake

[Behappyalways]

Buffett's Vice Chairman Dumps Over Half Of His Berkshire Shares
https://www.zerohedge.com/markets/buffet...ire-shares

[weijian]

Well, history provides great learning lessons but those of us learners sometimes take the extreme of overlearning the last crisis. It is always about the path of the middle. 

On another note, as Howard Marks has commented in his latest memo or even Buffett may have demonstrated in his actions, debt is now looking to be much prettier than equity if one is ok with "mid to high single digit returns" that are highly probable.

Buffett's US$277b cash hoard after selling Apple is a warning

Berkshire dramatically built up its cash hoard from 2002-2005 and then kept it around record levels until the end of 2007. What we remember now is how smart Buffett and his late sidekick Charlie Munger looked during the crisis when they used their spare cash to scoop up investments involving Goldman Sachs Group, General Electric and Dow Chemical. But we often forget how stubborn they looked before the crash: Berkshire significantly underperformed the S&P 500 from the end of 2002 to mid-2007. In hindsight, perhaps that was a sensible risk-reward tradeoff, but history shows that the economy doesn’t immediately melt down just because Buffett has gone to cash.

https://www.businesstimes.com.sg/compani...le-warning