What has goat buffet install for us?
WARREN BUFFET JUST SOLD ANOTHER 22M SHARES OF BANK OF AMERICA $BAC
He has now sold $7B worth of this stock in the past 5 months…
3 reasons I think he’s selling:
1.) He’s up a decent amount in the past decade since he’s owned the stock.$Bank of America(BAC)$
2.) He may want to get his sells in before tax rates are raised and lock in cheaper tax rates right now on profits.
3.) He continues to want to raise cash, now closing on $300B in cash on the side for him…
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