 "Warren Buffet")
Warren Buffett gave Berkshire Hathaway investors something to talk about at the company’s annual meeting this weekend: He sold about a third of Berkshire’s investment in computer-services giant IBM.
Berkshire reduced the stake during the first and second quarters, CNBC reported Thursday, citing Buffett. The billionaire chairman and chief executive officer of Berkshire said he has since stopped selling, according to the broadcaster. Before the sales, Berkshire held about 81 million shares. The disclosure led IBM to tumble 3.8 per cent to $153.05 in premarket trading Friday. Berkshire started building its International Business Machines stake in 2011, eventually becoming
Berkshire reduced the stake during the first and second quarters, CNBC reported Thursday, citing Buffett. The billionaire chairman and chief executive officer of Berkshire said he has since stopped selling, according to the broadcaster. Before the sales, Berkshire held about 81 million shares. The disclosure led IBM to tumble 3.8 per cent to $153.05 in premarket trading Friday. Berkshire started building its International Business Machines stake in 2011, eventually becoming
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