Buffett’s Next Move: His Biggest Yet?
by | Posted 8.22.2012 | Post Comment (No Comments)

Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B) shocked more than a few investors last week when the company disclosed what amounted to a stock selling spree by CEO Warren Buffett. Financial filings for the quarter showed that Berkshire sliced its stake in pharma giant Johnson & Johnson by almost two thirds. Berkshire also took the hatchet to positions in long time Buffett favorites Kraft and Proctor & Gamble, too, while liquidating the company’s entire holding in Intel. Coming from a man who has described his favorite stock holding period as “forever,” those sales raised eyebrows.

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