Berkshire unloads more Apple shares

Steep market prices have contributed to Buffett’s reservations.

TODAY’S STORY

Warren Buffett’s Berkshire Hathaway is now sitting on a record $325.2Bn of cash as of the end of the third quarter.

Of note, Berkshire continued to trim its stake in Apple. The conglomerate now owns $69.9Bn of Apple’s stock, down 25% from $84.2Bn in the second quarter. While that’s significant, it doesn’t necessarily mean Berkshire is fading Apple. Buffett said in May at Berkshire’s annual meeting that Apple was an “even better” business relative to two of its other holdings: American Express and Coca-Cola.

Buffett is sitting on record amounts of cash because steep market prices have effectively limited his firm's number of attractive opportunities. He’s not alone—Goldman Sachs predicts a 3% return for the S&P 500 over the next decade, citing the cyclically adjusted earnings ratio (a common valuation metric) at 38 times or the 97th percentile.

OUR PICKS

Here are today’s recs to help you live a smarter life…

1. Making your mornings better.

Delicious coffee made in minutes. Brew an 8, 10, or 12 oz. cup at the push of a button. 33% off for a limited time.*

2. Peace of mind in minutes.

This wireless smart security 8-camera system helps you protect your home inside and out from your smartphone. $249.99 off for a limited time.*

3. 3-in-1 wireless charging station.

Designed for Apple users to wirelessly charge their iPhone, Apple Watch, and AirPods simultaneously with just one cable.*

#SHORTS

AWS posts insane Rule-of-40 score

@boringbusinesskieran

AWS posts insane Rule-of-40 score 🤯📈 #amazon #aws #stockmarket #techtok #ai #software #saas

PREVIOUS STORIES

To read the web version of previous stories, click here

If you have any comments or feedback, just respond to this email.

Thanks for reading,
Kieran & Justin Ryan