The past week's data-point-of-consequence for investors had to be investment decisions by Warren Buffett's Berkshire Hathaway (BRK.A).
Buffett ended positions in several stocks in the fourth quarter, including the Bank of America (BAC), Nike (NKE), Fiserv (FISV), Becton Dickinson (BDX), Comcast Corp. (CMCSA), Lowe's Co.s (LOW), Nalco (NLC) and Nestle (NSRGY), according to a filing, The Wall Street Journal reported.
Berkshire added to a holding of only one stock in the fourth quarter: Wells Fargo (WFC).
Berkshire's $52.6 billion U.S. equity portfolio now includes just 25 companies.
Market Analysis: File the above under "investment information for further reference." Of course, the Berkshire filing did not mention the reason for the sell or buy decisions. Perhaps Buffett sees a top in the stocks sold, or maybe a healthy correction? It probably was not due to market sentiment, as given the likelihood of U.S GDP growth propelling continued adequate-to-good earnings growth, this bull market has only just begun.
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Reader Comments (Page 1 of 2)
2-20-2011 @ 10:25AM
caddopecan said...
He is getting ready for inflation.
2-20-2011 @ 11:58AM
RobertAPaley said...
Yea, Buffett sold...with no reason cited...maybe he needed funds...and no mention of type of stock he owned whether preferred or common. What a nonsense article trying to make people sell stock.
2-20-2011 @ 1:17PM
Carolyn said...
I am glad he dumped Bank Of America....they are mismanaged and there is no communication between departments. When my mortgage company went under, they bought my mortgage. It was always deduted from my checking account..first they took two payments out at once and then took nothing out for two months. I kept calling and it took 4 months for them to finally straighten it out. I have never had such a headache!
2-20-2011 @ 2:08PM
ObamaMama said...
Buffet plus everbody and their brothers know that they are pulling out because of a predictable Government shut down or shut downs... That is to say both because of Political Divisions, General Public Unrest and the building economic vs Labor or rather loss of the Labor negotiating rights. Nonunion Skilled Labor generally follows closely behind Unions because of a coat tail effect giving them some leverage contractually to each individual too. It really looks all planned out to me... The GOP, TEA, or Republicans want a crisis to exploit, Dems. can't stop it and if they don't shut down Federal then they will as many States as they can drag into it.
Lots of Working Class Poor out there..., Union and Nonunion Skilled Labor tired of sufferage and now the huge Middle Income collapse, not wanting to have to remention the NEW TEA PARTY elected wanting to hurry up and make their marks regardless of anything else said or done. It's as if a bunch of little Drama Queens coming to a head... Double Dip Talk again or just a bunch of door slamming either way all our gains in this market will probably tank... My bet... Some kind of Flash Crash this time because it will be all the Mom and Pop's we have with their laptop's and 7 dollar trades...
2-20-2011 @ 4:22PM
Heidi said...
Inflation which will in the next two years or so become hyperinflation and the crash of the dollar. All the signs are there. We are in FAR more debt than we have been told. As for me, I'm stocking up on clothing, and non perishables. People have their heads in the sand..."it can't happen to us". Guess again. This kind of thing has happened to every major power in history. What makes anyone think we will be exempt. We have abandoned the principles on which we were founded. God is excluded from our public discussions.
Ok, have it your way. Just don't expect His hand of blessing to remain on us. It is lifting already.
2-20-2011 @ 6:25PM
dtee8826 said...
EVEN MR. BUFFETT KNOWS HOW PIECE OF S...BANK OF AMERICA AND DUMPED ITS STOCKS. GOOD FOR HIM. WELLS FARGO IS MUCH BETTER. I HEARD WELLS FARGO TREAT THE HOMEOWNERS FAIRLY.
2-20-2011 @ 9:50PM
Hi Todd said...
BOA is too big and does NOT care about you, DUMP BOA!
2-20-2011 @ 11:42PM
BUD902 said...
I think buffet made a good move my home loan is with B.O.A this has got to be the worst company I have ever had any business with ever time you call them no body has a clue as to what talking about but I dont know about wells fargo either my local investements were bought out buy wells fargo and when the shit hit the fan a few years ago I learned that I was almost broke by the monthley statements I was getting never a phone call from my broker I have not seen or heard from him since that happened now what little bit I have left is in my bank where I control it I hope B.O.A and wells fargo go belly up
2-22-2011 @ 7:18PM
Robert said...
Bank of America is by large the biggest BUTT FUCK corporation on the planet....period
2-21-2011 @ 1:45AM
cathy c said...
He knows things are going to go sour and fast.
B of A deals with a lot of illegals having bank accounts and H1b Visa workers all transfering their monies either to Mexico of Rupie Ville, India. Something must be about to go down if he's running to the hills with his money.
Maybe something is going to be done to send a lot of these workers packing back home?
Nestles..That corporation has some major issues here in this country right now...What they are doing with all that water that being pumped out of Lake Michigan. Some think they have been selling of our water to China to fill up underground water aquifers. YouTube Jessie Vantura story on it..Wow! Wake up call..Shocking!
2-21-2011 @ 1:53AM
cathy c said...
You can figure straight off, If Warren Bufett is pulling out...He darn well knows something very few others know. "Guy is not stupid! He's moe interested in his Chinese investments these days...He knows where to find the pot at the end of the rainbow.
2-21-2011 @ 2:11AM
cathy c said...
YouTube: Jessie Ventura - They're Stealing, Druging, and Poisoning Our Bottled And Tap Water!! 2 of 5
Do read this then you will find out why Warren Buffett is pulling out his investments from Nestles. He's been cleaning up with his buddy T Bone Pickins but the game is about to come crashing down on what these devils have been doing both there and down in Texas too.
2-21-2011 @ 3:36AM
leethomas908 said...
Wall Street is nothing but a hot-bed of few speculators...Why should one person's decision make such an impact..
2-21-2011 @ 7:47AM
Laura Richardson said...
Warren needs the money. BOFA is a fantastic bank with phenomenal employees.
2-21-2011 @ 8:57AM
bernie miller said...
It's due to upcoming issues with B of A who is getting ready to be nailed for unfavor practices... Also the unrest in this country is at it's beginning stages but is getting ready to escalate to levels this country has never seen... Congress will be thrown out totally... It's not Obama they want, it's congress up and gone.. They do nothing but create havocked like second graders... People are getting upset and fast...
2-21-2011 @ 9:25AM
berryfast said...
ARe you really that STUPID...LAURA RICHARDSON....or do you work for the dumbasses!!!!
2-21-2011 @ 9:45AM
Bill said...
Direction of America is correct if we follow President Obama's national policies like high-speed rail, energy goals, pollution reduction goals, banking and wall street reforms, etc., but we are heading in the WRONG direction if we follow the Republican and TEA party recommendations to limit women's rights, cut funding for those with limited incomes, and put millions of public workers out of work. Republicans need an Education, which they seem to be getting from FOX, Beck, and Limbagh ONLY....
2-21-2011 @ 12:14PM
termor814 said...
Buffet is just another liberal laughing all the way to the Bank. he's just another Omama backer Like Soros they are getting to see the writting on the wall . Like General Elec and Jeff Immelt there using Obama to do the wind power and all the other dumb shit that Broke Spain and all of Europe. Better wake up America ! Now i'm heading back to laugh at the funniest sigh on the net Kiscandle.blogspot.com
2-21-2011 @ 3:47PM
americandoo said...
IT'S OK TO PREDICT WHAT'S GOING
TO HAPPEN
OR WHAT COULD HAPPEN..BUT..IT'S BETTER TO START DOING..THIS WILL.. MAKE IT
HAPPEN ! !
"TIME FOR BIG INVESTORS TO STEP UP TO THE PLATE LEAD AMERICA BY
INVESTING IN AMERICA" "WHEN YOU INVEST IN AMERICA YOU INVEST IN YOUR CHILDREN'S
FUTURE"
"INVEST IN A LARGE PROJECT THAT WILL MAKE A DIFFERENCE FOR THE FUTURE"
Similar to this idea; In past history when the USA needed a Moral Boost to our
Country we built such things as; The Largest Bridges, Dams, Statue Of Liberty,
Worlds Largest Futuristic Fair, Landed on the Moon etc.
It is overdue for us and time for us to build the Largest & Best Futuristic
CITY IN THE WORLD, using ALL NEW CUTTING EDGE TECHNOLOGY
Find a location in the USA somewhere that has the space for our "FUTURE CITY
PROJECT" ,,,CA VALLEY Would Work Perfect.."Lead By Example"
where our Future City will Utilize all of the Newest and Cutting edge combined
technology in the world to build our City using entirely GREEN energy with 0
pollution.
Our City Could Have A NEW VERSION OF THE STATUE OF LIBERTY, Holding
the torch in one hand and our GREEN PLANET EARTH in her other hand, her head
raised high looking Up at the sky.
Use your Imagination and think how; GREAT THIS WOULD BE FOR AMERICA & OUR
ECONOMY ! ! "
COULD BE A HISTORICAL EVENT IN OUR HISTORY BOOKS FOR OUR NEXT GENERATION TO
FOLLOW" "DREAM BIG...DO BIG"
Thank You, Respectfully, Michael V. Caldwell, Proud
American Inventor/Dreamer..Dream Big..Do Big ! ! !
2-22-2011 @ 11:42AM
americandoo said...
I Believe that Mr. Warren is on the right track and would agree with some of my ideas and suggestions to AMERICAN INVESTORS;
IT'S OK TO PREDICT WHAT'S GOING
TO HAPPEN
OR WHAT COULD HAPPEN..BUT..IT'S BETTER TO START DOING..THIS WILL.. MAKE IT
HAPPEN ! !
"TIME FOR BIG INVESTORS TO STEP UP TO THE PLATE LEAD AMERICA BY
INVESTING IN AMERICA" "WHEN YOU INVEST IN AMERICA YOU INVEST IN YOUR CHILDREN'S
FUTURE"
"INVEST IN A LARGE PROJECT THAT WILL MAKE A DIFFERENCE FOR THE FUTURE"
Similar to this idea; In past history when the USA needed a Moral Boost to our
Country we built such things as; The Largest Bridges, Dams, Statue Of Liberty,
Worlds Largest Futuristic Fair, Landed on the Moon etc.
It is overdue for us and time for us to build the Largest & Best Futuristic
CITY IN THE WORLD, using ALL NEW CUTTING EDGE TECHNOLOGY
Find a location in the USA somewhere that has the space for our "FUTURE CITY
PROJECT" ,,,CA VALLEY Would Work Perfect.."Lead By Example"
where our Future City will Utilize all of the Newest and Cutting edge combined
technology in the world to build our City using entirely GREEN energy with 0
pollution.
Our City Could Have A NEW VERSION OF THE STATUE OF LIBERTY, Holding
the torch in one hand and our GREEN PLANET EARTH in her other hand, her head
raised high looking Up at the sky.
Use your Imagination and think how; GREAT THIS WOULD BE FOR AMERICA & OUR
ECONOMY ! ! "
COULD BE A HISTORICAL EVENT IN OUR HISTORY BOOKS FOR OUR NEXT GENERATION TO
FOLLOW" "DREAM BIG...DO BIG"
Thank You, Respectfully, Michael V. Caldwell, Proud
American Inventor/Dreamer..Dream Big..Do Big ! ! !