When Buffett doesnt even want Goldman Sachs, its time to be careful

category:Finance
 When Buffett doesnt even want Goldman Sachs, its time to be careful


In addition, Buffett reduced 1.8 million shares of JPMorgan Chase, currently holding 57.7 million shares. Berkshire, which used to be a big investor in banks, typically controls such shares below 10% of what regulators regularly review.

Some commentators believe that Buffetts series of actions seem to remind people that it will take a long time for everything to return to normal when some states start to restart their economy.

In some cases, Berkshires big moves will be made by Todd combs, Buffetts aides, and Ted Weschler. But on the matter of clearing the airline stocks, Buffett made it clear that it was his decision. Its not clear whether Buffett will make a direct decision on the sale of Goldman Sachs, but its safe to speculate that his permission is positive. Berkshires stake in Goldman Sachs was bought during the 2008 financial crisis. Todays massive reduction is clearly not a good signal, which means that in his view, the U.S. market will face new pain next. But its worth noting that Buffetts stake in apple, Coca Cola, Bank of America, Wells Fargo and American Express remains unchanged, despite his sell-off of Goldman Sachs. Source: Chen Hequn, editor in charge of Wall Street information_ NB12679

Its not clear whether Buffett will make a direct decision on the sale of Goldman Sachs, but its safe to speculate that his permission is positive.

Berkshires stake in Goldman Sachs was bought during the 2008 financial crisis. Todays massive reduction is clearly not a good signal, which means that in his view, the U.S. market will face new pain next.

But its worth noting that Buffetts stake in apple, Coca Cola, Bank of America, Wells Fargo and American Express remains unchanged, despite his sell-off of Goldman Sachs.