Dominion shareholders not happy about this: "Dominion also cut its projected 2021 dividend payment to around $2.50 a share,..." That's a 30% payout cut! Won't go over well with their retiree shareholders.
"Diversify? Almost half of Buffett’s Portfolio comprises a single stock"
"Warren Buffett once said that “diversification is protection against ignorance. It makes little sense if you know what you are doing.” The takeaway: Load up on what you know.
Even if it’s a tech stock, apparently.
A recent peek into Buffett’s Berkshire Hathaway BRK.A, -0.87% BRK.B, -0.85% $214-billion portfolio underscores that the Oracle of Omaha is following his own advice, considering how much stock Berkshire has accumulated in Apple AAPL, -0.31% .
Buffett, thanks to Apple’s stellar run, now owns more than $91 billion worth of the iPhone maker, which comprises 43% of the total Berkshire pie, according to figures cited by the Motley Fool.
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