Billionaire Warren Buffett has now missed about $40 billion in gains after selling huge quantities of Berkshire Hathaway’s assets early, according to a new report.
The famed investor reduced Berkshire’s positions by a net $127 billion in 2024, reports Barron’s, making headlines for dumping approximately $100 billion of Apple shares and $10 billion of Bank of America exposure.
Buffett’s Apple sales alone have left about $20 billion on the table.
And Berkshire has whiffed an additional $20 billion in gains when factoring the firm’s years-long departure from the US banking sector, which includes aforementioned sales of BofA as well as JPMorgan Chase, Wells Fargo and Goldman Sachs.
Although Buffett sold early, he’s shored up a record high $311 billion of firepower on the sidelines to deploy if market conditions become appealing to the 94-year-old CEO.
Over the last five years, Berkshire Hathaway’s returns have essentially tracked the S&P 500.
The firm’s stock is up 27% this year, and KBW analyst Meyer Shields says the incoming Trump administration could be a net positive for the firm.
“Trump’s goal is to spur more economic activity, and this should translate to growth at the noninsurance subsidiaries…
[Buffett’s] succession probably means little from an operating perspective but a lot for the investor perception of Berkshire Hathaway. Buffett has earned a distinctive place in the pantheon of investors and business leaders.”
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inboxCheck Price Action
Follow us on X, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
The post Billionaire Warren Buffett Fumbles $40,000,000,000 After Dumping Apple, Bank of America, Wells Fargo, JPMorgan Chase and Goldman Sachs Early: Report appeared first on The Daily Hodl.
