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Billionaire Warren Buffett Sold 41% of Berkshire's Stake in Bank of America and Has Piled Into a Cyclical Company Whose Shares Have Soared 42,400% Since Its IPO

The Motley Fool Logo The Motley Fool By Sean Williams
Billionaire Warren Buffett Sold 41% of Berkshire's Stake in Bank of America and Has Piled Into a Cyclical Company Whose Shares Have Soared 42,400% Since Its IPO

Warren Buffett has been selling a significant portion of Berkshire Hathaway's Bank of America stake while consistently investing in Pool Corp, a cyclical company with strong recurring revenue and impressive historical stock performance.

Insights
BAC   negative

Buffett sold 41% of Berkshire's stake due to potential interest rate sensitivity, high valuation premium, and potential future tax considerations