Replies to post #1973 on Berkshire Hathaway Inc (BRK.B)

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Very interesting: "Buffett dumped a bunch of bank stocks before their epic tumble this year, escaping some major pain"

* "Warren Buffett dodged some of the painful downturn in banking stocks this year.

* Berkshire Hathaway has exited Wells Fargo, Goldman Sachs, and other lenders since early 2020.

* Buffett said he soured on some banks after they misled investors and made basic mistakes.

* Warren Buffett's mass sale of bank stocks is looking mighty shrewd given Wall Street's troubles this year."

"Since the start of 2020, the famed investor's Berkshire Hathaway has exited a bunch of lenders that have seen big sell-offs this year: Wells Fargo (-5%), BNY Mellon (-9%), Goldman Sachs (-14%), M&T Bank (-23%), US Bank (-28%), and PNC Financial (-30%). One notable exception among the disposals is JPMorgan (+5%), but even Jamie Dimon's banking behemoth has trailed the S&P 500 (+9%) in 2023."

https://finance.yahoo.com/news/warren-buffett-dumped-bunch-bank-201644465.html