Berkshire Hathaway Holds Record Cash, Continues to Cut Beloved Bank of America Stake for Six Consecutive Days
Analysts speculate that Warren Buffett's reduction in Bank of America holdings may be due to valuation concerns. Bank of America's current price is approaching levels seen before the early 2022 market drop. Tax considerations might also be a factor. Regardless of the reason,
Buffett's style suggests that once he starts reducing holdings, it will likely continue for some time.
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