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Buffett Sells More Stocks, Including Goldman Sachs, With No ‘Elephant-Sized’ Acquisition On The Horizon

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Buffett sold 84% of his stake in Goldman Sachs, a longtime holding.
Billionaire investor Warren Buffett, who told investors earlier this month that he had made a “mistake” betting on airlines, is continuing to sell stocks amid the coronavirus pandemic, the latest regulatory filing from Berkshire Hathaway shows.
Buffett’s Berkshire Hathaway
BRK. B reported a massive net loss of nearly $50 billion in the first quarter. The investing conglomerate sold $6.5 billion worth of stocks in the month of April, compared to buying only $426 million worth of equities during that period. “We did very little in the first quarter,” Buffett admitted at the company’s annual shareholder meeting in early May. The coronavirus market sell-off that occurred in late February and through most of March took a significant toll on the company’s businesses, he said.

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