ET Analysis: Cash turns out to be a safe harbour when market tide turns
Investors holding cash have been among the most dissed in the stock market of late. Equity evangelists are unable to wrap their heads around the fact that there is a segment of the market that prefers the safety of cash or its equivalent at this point over stocks that have extended their record-breaking run with…
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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 worldβs most revered investors, is growing wary about the…
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