Berkshire Hathaway Dumps Consumer Stocks

They might just be consolidating, they have less than 5% of any of these stocks, but it seems like the believe consumers will continue to cut spending. His cash holdings are up to 500 billion. And only earning 4-5% with inflation around 2-3%

Maybe they are just getting out before the market crashes and then buy back in for 50 cents on the dollar. .

BUFFET saw a bust...he went with cash.

Time to sell?

What was the DOW when he did that and what is it now? Seems like he’s lost a mountain of cash so far. He should have consulted with an expert stock trader, like Nancy Pelosi first.

These changes occurred when Buffet handed over control to his heir apparent. Some think the new man was just closing positions to tighten the portfolio. Less companies they need to monitor.

The whole market seemed to decline this morning.