There are several possible reasons why Buffett may have chosen to sell part of his TSMC stake. One factor could be that the company's stock had performed exceptionally well, and selling a portion of the stake could be a way to lock in profits. Additionally, Berkshire Hathaway may have needed cash to fund other investments or to navigate the uncertainty caused by the COVID-19 pandemic.
It's also worth noting that while Berkshire Hathaway sold a portion of its TSMC stake, it still holds a significant investment in the company. As of the end of 2020, TSMC was still one of Berkshire Hathaway's largest equity investments.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments