Buffet's bad move on selling the banksBuffet unloaded some big names recently including Apple. I posted back then it was a move to trim and not a recession warning. Today those positions are worth billions more revealing the strength of the economy. It's usually a safe move to follow the money but even the greatest can't nail a top.
"Buffett may regret cutting Berkshire’s stake in Bank of America by about 25% over the past two months to... now worth $32 billion.
Buffett also left a lot of money on the table with Berkshire’s sales of several bank stocks in recent years, including Wells Fargo, JPMorgan Chase, Bank of New York, and Goldman Sachs Group.
Wells Fargo, JP Morgan, and Goldman shares are about double the price Berkshire received, and Berkshire left over $20 billion on the table with those sales,"
https://www.barrons.com/articles/berkshire-apple-stake-sale-buffett-9a672779