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Buffet dumps Goldman Sachs


Moon_Walker

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Warren Buffett’s Berkshire Hathaway has dumped the bulk of the stake in Goldman Sachs that it acquired in the depths of the financial crisis, a regulatory filing revealed on Friday night.

Berkshire said it had sold more than 10m shares in Goldman in the first quarter, a holding that was worth $2.3bn at the end of last year and represented 2.9 per cent of the investment bank. It had just 1.9m Goldman shares left at the end of the quarter, a stake of less than 0.6 per cent.

Berkshire also trimmed its holding in JPMorgan Chase from 1.94 per cent to 1.88 per cent.

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1 minute ago, VictoryTDP said:

In front crocodile festival aa? Or is it just happened s business strategy? 

My fear is Buffett is seeing a bigger picture which general investor cannot and he is holding onto such large cash pile.

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9 minutes ago, Moon_Walker said:

My fear is Buffett is seeing a bigger picture which general investor cannot and he is holding onto such large cash pile.

May be

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13 minutes ago, Moon_Walker said:

My fear is Buffett is seeing a bigger picture which general investor cannot and he is holding onto such large cash pile.

That’s why you are talking about him. 

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he may be great..but he is dumping so late.. may be he is thinking all companies will go bankrupt...not sure.

by next year ..everythg should be normal i feel, may be weak companies go bankrupt.

 

 

 

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