Warren Buffett $28.7 billion stock sale raises concerns about the state of the economy
In the initial 3 quarters of 2023, Berkshire Hathaway, led by Warren Buffett, bought $28.7 billion of stock, an action that a few economists considered a warning sign for the US economy.
The renowned billionaire and investor, dubbed the Oracle of Omaha, bought a net $10.4 billion worth of stock in the initial quarter of this year, based on the company’s earnings. The firm is situated in Nebraska. It purchased fewer than $5 billion worth of shares and sold about $13 billion in the 2nd quarter. It sold equities worth roughly $5.3 billion during the 3rd quarter.
Buffett is one of the wealthiest individuals in America and one of the best investors ever, so people watch and study his every move.
