Berkshire Hathaway holds $277B cash, reducing Apple holdings by 50%, causing market concern.

Warren Buffett's Berkshire Hathaway reached a record $277bn cash stockpile by June 30, partly due to selling large amounts of stocks, including reducing Apple holdings by nearly 50%. This move sparked fears in the stock market due to Buffett's reputation as a highly influential investor. Despite stock market fluctuations, Buffett suggests that long-term stock investors should not worry about short-term declines, recommending a consistent approach of buying a low-cost S&P 500 index fund and employing a dollar-cost averaging strategy.

August 05, 2024
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