New stock in Warren Buffett's portfolio and closing of current positions in many stocks
Warren Buffett doesn't have much of an appetite for many stocks lately. Berkshire Hathaway's (BRK.A) (BRK.B) latest quarterly report showed that Buffett and his team sold $7 billion worth of shares and bought just $1.7 billion worth of shares. Meanwhile, Buffett now controls a record $157 billion in cash, the vast majority of which he has invested in short-term US Treasuries.
While investors already knew some of what Buffett and his team were selling in Berkshire's portfolio, based on the company's third-quarter report and other filings with the Securities and Exchange...