Buffett Sells Stocks and Raises Cash

An example of risk management when stocks are overvalued

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Even though Wall Street continues to give the green light for the stock market, one of the most successful investors ever has a different opinion. Warren Buffett's Berkshire Hathaway just released its third quarter report that shows that the company continues to aggressively sell its investments in both Apple and Bank of America in order to instead accelerate its purchases of US Treasury bills. The following chart from The Financial Times shows Buffett's current cash position.