Billionaire investors, including Buffett, Ackman, Smith, and Tepper, sold $132B stocks, raising concerns about market stability amidst high valuations.
A group of notable billionaire investors, including Warren Buffett, Bill Ackman, Terry Smith, and David Tepper, have recently been net sellers of stocks, raising concerns about future market stability. Despite record highs in major indices, their selling—totaling nearly $132 billion by Buffett's Berkshire Hathaway—suggests caution amidst historically high stock valuations. This trend may indicate potential market corrections, as these investors typically seek value in times of emotional selling.
October 12, 2024
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