Warren Buffett’s Berkshire halves Apple stake, boosts cash to $277 billion even as operating profit sets record
Warren Buffett appears to have soured on stocks, letting cash at Berkshire Hathaway soar to nearly $277 billion and selling about half of its stake in Apple, even as the conglomerate posted a record quarterly operating profit. Berkshire’s results suggest the 93-year-old Buffett, one of the world’s most revered investors, is growing wary about the…