Isn't it obvious why he's selling shares? He's a man of country and pride - and smells malice/greed at this bank well beyond his tolerance. He could have moved his billions long ago to more profitable investments, but the humanity of this particular bank was always a bit stronger than the other big players.
If you bet on malice and greed, you're betting a short term bet. Bank of layoffs, it lost its humanity and "America"
No idea how this wasn't considered insider trading at the time. As I recall, a special deal was cut just for him.
Silly post.
"Buffett has stated two reasons for raising so much cash: Stocks are overpriced and capital gains taxes must rise"
This has nothing to do with "pride, malice or corporate greed"
Nice try spinning a false narrative, however.
https://www.forbes.com/sites/petercohan/2024/11/04/why-buffetts-berkshire-sold-apple-stockholds-352-billion-in-cash/
Mr Buffet is a Value Investor, very pragmatic -- bought a bunch of Preferred Shares and Warrants when BAC stock tanked in Q1 2009. Then, patiently held.
Fast forward --> shares are at all time highs past few months. Time to unload and take a nice hefty profit.
Nothing to do with bank greed, nor politics. Pure capitalism at its finest and genius profit-taking.
Take your winnings off the table and live to play another day. Smart man. This strategy has worked well for him.
OP - recommend you read one of his books and stop making sh!t up.
Sure…or maybe he smells foot li---r crashing the market
lol okay dude