Warren Buffett, chairman and CEO of Berkshire Hathaway (BRK.B), wasn’t doing much buying during the first quarter, which ended just before the economic impact of the coronavirus really set in. But he sure did a lot of selling.
Buffett has dumped shares in 21 stocks since the start of the year. For the most part, the Oracle of Omaha has merely trimmed BRK.B’s positions. Reducing risk and raising cash are certainly prudent moves when facing the unprecedented uncertainty that we are now. In a few cases, however, Buffett sold the great majority or entirety of Berkshire’s positions in some of its biggest and best-known holdings.
On the other side of the ledger, Buffett made just one buy in the quarter, adding a modest amount to a