Billionaire Warren Buffett Pours $752,000,000 Into New Assets After Dumping Apple, Bank of America

November 23, 2024 The Daily Hodl

Apple

Billionaire Warren Buffett is pouring hundreds of millions of dollars into two new investments. Berkshire Hathaway’s new 13F filings show the firm’s holdings as of September 30th, confirming Buffett has dumped another 100 million shares of Apple (AAPL) and 243.8 million shares of Bank of America (BAC). After several massive sales across multiple quarters, Berkshire […]

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Billionaire Warren Buffett Fumbles $40,000,000,000 After Dumping Apple, Bank of America, Wells Fargo, JPMorgan Chase and Goldman Sachs Early: Report

November 10, 2024 The Daily Hodl

bank

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 […]

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Billionaire Warren Buffett Pours $7,800,000,000 Into ‘High-Flying’ Asset After Dumping Bank of America, JPMorgan Chase and Wells Fargo: Report

November 2, 2024 The Daily Hodl

bank

Billionaire Warren Buffett is buying a “high flying” asset after significantly reducing his exposure to the US banking industry, according to a new report. The renowned investor has sold $10.5 billion of Berkshire Hathaway’s stake in Bank of America since the summer, after selling all of the firm’s JPMorgan Chase and Wells Fargo positions in […]

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Billionaire Warren Buffett Dumps $10,500,000,000 in Berkshire’s Bank of America Stake After Slashing JPMorgan Chase, Wells Fargo Investments To Zero: Report

October 24, 2024 The Daily Hodl

Bank of America

Warren Buffett has now sold a staggering $10.5 billion of Berkshire Hathaway’s stake in Bank of America in a matter of months. New filings with the U.S. Securities and Exchange Commission shows the firm just sold an additional 8.54 million shares in September and October, worth $337.86 million. The move follows Berkshire’s complete exit from […]

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Suze Orman Recommends BTC: ‘Everybody Should Absolutely Have Exposure to Bitcoin’

September 28, 2024 Bitcoin.com

Bitcoin

Suze Orman, a well-known financial advisor, advocates for bitcoin exposure, despite contrasting views from other prominent investors like Dave Ramsey and Warren Buffett. She underscores the potential gains for those who can manage its volatility. “Everybody should absolutely have exposure to bitcoin,” she said. Suze Orman Encourages Bitcoin Investment With Caution Financial advisor Suze Orman […]

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4 years in, MicroStrategy’s Bitcoin gamble beats Warren Buffett’s warning

August 11, 2024 Coin Telegraph

American Express

MicroStrategy’s stock value is up by 1,000% since its first Bitcoin purchase, while Warren Buffett and Berkshire Hathaway have missed the boat.

MicroStrategy purchased its first Bitcoin (BTC) stash on Aug. 10, 2020, becoming the first public-traded company to adopt the cryptocurrency as its primary treasury reserve asset. Four years later, the bold move has evolved into a defining strategy for the company that has outpaced even the returns of Warren Buffett's Berkshire Hathaway.

As of Aug. 10, 2024, MicroStrategy had 226,500 BTC worth $13.771 billion in reserves, which it acquired at an average cost of around $37,000. With Bitcoin currently trading at approximately $60,500, MicroStrategy is now sitting on unrealized profits of about $5.39 billion.

Despite the substantial gains, Michael Saylor's company has maintained its Bitcoin holdings, choosing not to liquidate any of its accumulated assets. It has expressed its intention to continue accumulating Bitcoin, further evidenced by its most recent purchase on Aug. 1.

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$277,000,000,000 in Cash Hoarded by Berkshire Hathaway As Warren Buffett Dumps Apple, Bank of America

August 3, 2024 The Daily Hodl

Apple

Berkshire Hathaway is now holding onto a record $277 billion in cash as the economy teeters. Second quarter results show the investing giant led by Warren Buffett sold $75.5 billion worth of stock on a net basis in the period. The new round of selling brought the total amount of stocks sold by Berkshire in […]

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Bitcoin vs. Buffett: BTC holders’ 104% CAGR dwarfs ‘steady growth’ portfolio

June 10, 2024 Coin Telegraph

Berkshire Hathaway

Since its trading debut in 2011, Bitcoin has delivered an impressive average annual return of approximately 104%, surpassing the returns of Warren Buffett’s portfolio and U.S. stock markets.

Comparing Bitcoin’s (BTC) compound annual growth rate (CAGR) with the returns achieved by Warren Buffett’s portfolio — with its top holdings being Apple, Bank of America, American Express, Coca-Cola and Chevron Corp — shows starkly different risk-reward profiles and performance over varying timeframes.

For instance, according to the data resource Lazy Portfolio ETF, Warren Buffett’s portfolio has obtained a 10.03% CAGR with a 13.67% standard deviation in the last 30 years. In comparison, United States company stock portfolios have more or less offered similar returns but with a higher standard deviation.

In other words, the Oracle of Omaha’s portfolio has returned impressive results despite being less volatile or risky than U.S. stock portfolios. His investment philosophy emphasizes long-term value investing, prudent risk management and a preference for fundamentally strong companies.

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Warren Buffett Sees No Alternative to US Dollar as Reserve Currency — Berkshire Holding $188 Billion in Cash

May 6, 2024 Bitcoin.com

Warren Buffett Sees No Alternative to US Dollar as Reserve Currency — Berkshire Holding 8 Billion in Cash

alternative currencies

Warren Buffett, chairman and CEO of Berkshire Hathaway, asserts that there is currently no viable alternative to the U.S. dollar as the world’s reserve currency, suggesting that U.S. debt will remain acceptable “for a very long time.” Berkshire currently sits on a cash pile of $188 billion, which Buffett views as “quite attractive.” Insights From […]

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Warren Buffett compares AI to nukes after seeing deepfake doppelganger

May 5, 2024 Coin Telegraph

Berkshire Hathaway

The financial mogul’s commentary came during Berkshire Hathaway’s annual meeting.

Berkshire Hathaway co-founder Warren Buffett recently sounded off on artificial intelligence (AI) deepfakes and the perpetuation of scammers at the company’s annual shareholder meeting.

Buffett, the ninth richest person in the world (as of April 2024), has seen his own net worth grow by some $16 billion through the first five months of 2024 alone. During the shareholders meeting held in Omaha, Nebraska he lauded the company’s growth and perseverance despite the November 2023 death of vice chairman Charlie Munger.

However, the commentary quickly turned to AI as the meeting wore on. Speaking during a Q&A session, Buffett said “I don’t know anything about AI but that doesn’t mean I deny its existence or importance or anything of the sort."

Warren Buffett

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