In his 60th annual letter to shareholders released Saturday, the folksy Buffett bragged about footing a record $26.8 billion tax bill.
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While some investors are likely to focus on the biggest-dollar moves made in the fourth quarter, such as the continued aggressive selling of No. 3 holding, Bank of America, the more telling action might be Berkshire's complete exit from the Vanguard S&P 500 ETF ( VOO 0.24%) and SPDR S&P 500 ETF Trust ( SPY 0.23%).
U.S. stock indexes are drifting Monday following their sharp losses from last week, with the S&P 500 up 0.1% in afternoon trading.
For more than a year, Warren Buffet’s Berkshire Hathaway has been raising cash at a dizzying pace. The institutional investing company has been selling everything from Bank of America stock to a few different S&P 500 exchange traded funds (ETFs) to some of the company’s share of Liberty Media Formula One stock.
Discover key insights from Warren Buffett's 2024 letter on equity strategies, cash positions, U.S. stocks, and more.
In a wistful annual letter to Berkshire Hathaway shareholders, Warren Buffett said 'it won't be long' before he's succeeded as CEO by Greg Abel.