2024-07-27 07:45:00 ET
Here's an intriguing headline: " Warren Buffett's Berkshire trims Bank of America stake for the first time since 2019 after strong rally." And another: "Warren Buffett's Berkshire Hathaway sells 34 million Bank of America shares."
Buffett is arguably the best investor of the past few generations, averaging annual gains of around 20% for decades. So if his company, Berkshire Hathaway , is shedding lots of shares of Bank of America (NYSE: BAC) , you might reasonably wonder if you should do the same.
The answer is, "Not necessarily."
For further details see:
Warren Buffett Recently Sold 34 Million Shares of Bank of America. But That Doesn't Mean You Should