MONEY MASTER

Shares of BYD Co fell in Hong Kong on Monday after reports confirmed Warren Buffett’s Berkshire Hathaway has fully exited its long-held stake in the Chinese electric vehicle giant. Market Reaction BYD stock slid as much as  3.6% , the steepest drop in three weeks. The stock is already down about  30% from its all-time high four months ago , as China’s EV industry faces an intense price war. The selloff made BYD one of the worst performers on the Hang Seng China Enterprises Index. Berkshire’s Exit CNBC reported Sunday that Berkshire Hathaway had sold its entire holding, citing a spokesperson confirmation. A  Berkshire Hathaway Energy filing  valued the BYD stake at zero as of March 31. Berkshire first invested in  September 2008 , buying 225 million shares. From then until March this year, BYD shares surged  over 4,500% . Berkshire began gradually trimming its stake in mid-2022; after the holding dropped below 5% last year, disclosures were no longer require...

Berkshire Hathaway Inc. continued to reduce its Apple holdings in the third quarter, marking a nearly 60% reduction in its stake since the start of 2024. Despite a 10.6% rise in Apple shares during Q3, Berkshire trimmed its position by 25%, following a nearly 50% cut in Q2. This strategic reduction has left Berkshire's Apple stake valued at $69.9 billion , down from $174.3 billion last year. Some key insights include: Apple’s Challenges: Apple faces hurdles like sluggish iPhone sales , increasing antitrust scrutiny , and AI competition . Recent AI updates were delayed, impacting investor confidence. Reasons for the Reduction: Analysts suggest that the move could be tax-related or portfolio rebalancing as Apple’s stake grew outsized in Berkshire’s portfolio. Cathy Seifert of CFRA noted it was “reasonable to lighten that exposure a bit.” Berkshire’s Cash and Equity Moves: Berkshire’s cash reserves reached $325.2 billion , with Buffett signaling caution in spending. Additiona...

Warren Buffett’s Berkshire Hathaway Inc raised ¥281.8 billion (US$1.89 billion) in a multi-tranche bond sale on Thursday, fuelling speculation that the legendary investor is set to increase his exposure to Japanese assets . This marks Berkshire’s largest yen-denominated bond deal since 2019. The firm priced a seven-part bond with tenors ranging from three to 30 years , with most maturities offering higher premiums compared to its yen-note sale in April. Notably, Buffett has previously used funds raised from yen bonds to purchase stakes in major Japanese companies , which contributed to the Nikkei 225 reaching record highs earlier this year. Analysts speculate that Berkshire’s investments could extend beyond trading houses to include banks, insurers, and shippers , potentially driving further gains in the Japanese stock market. The bond sale was closely watched as a test of investor demand for yen-denominated bonds amid a changing interest rate environment following the Bank of...

  Warren Buffett ’s Berkshire Hathaway Inc. has sold US$338 million worth of Bank of America Corp. stock this week, continuing a series of disposals that began in mid-July. This marks the 13th round of sales , but the pace has slowed, with this latest round fetching some of the lowest prices since the spree started. The average price of the shares sold on Tuesday and Wednesday was US$39.40 , lower than most of the previous trading days. Earlier rounds of sales reaped around US$750 million per round. Buffett, 94, has not publicly explained why he is reducing Berkshire’s large stake in the bank, although Berkshire Hathaway still remains the largest shareholder in Bank of America , holding 10.2% of the stock, valued at over US$31 billion .

Warren Buffett's ongoing sell-off of Bank of America Corp shares is approaching a significant milestone, as Berkshire Hathaway Inc. reduces its stake to just above 10%. With the latest round of sales, Buffett’s holdings are set to dip below 10% , a regulatory threshold that would allow him to avoid the requirement of disclosing trades promptly and instead report them quarterly. Berkshire now holds approximately 10.3% of Bank of America , following a 10-week selling spree . The most recent sale, disclosed in a regulatory filing, showed that Buffett liquidated US$461 million worth of stock over three days through Friday, bringing the total value of sales since mid-July to US$9.4 billion . Despite these sales, Berkshire Hathaway retains a significant position in the bank, with its remaining stake valued at nearly US$32 billion as of Friday's close. Bank of America remains one of Berkshire's largest holdings, cementing Buffett's firm as the bank’s top shareholder. If ...

  Warren Buffett has now turned his entire remaining US$34 billion stake in Bank of America Corp into pure profit, following a series of share disposals that have fully covered his original investment cost. According to a Thursday filing , Buffett’s Berkshire Hathaway Inc sold US$896 million worth of Bank of America shares this week, bringing total proceeds from stock sales and dividends to over US$14.6 billion , the amount Berkshire originally spent to build its position in the bank. Buffett, now 94 years old , first invested in Bank of America in 2011 through a US$5 billion deal for preferred stock and warrants. The investment was converted into common shares in 2017 after the bank increased its dividend, and the stock's value has grown substantially since. Berkshire’s ownership in Bank of America may soon dip below the 10% regulatory threshold , which would allow the company to delay disclosures of share transactions. Buffett has offered no public explanation for his re...

Warren Buffett’s Berkshire Hathaway Inc. has slowed its sale of Bank of America Corp shares, though it has not halted the selling altogether. The selling spree, which began in mid-July, continued with Berkshire reaping $229 million over three days of selling through Tuesday, according to regulatory filings. Key Takeaways: Slowdown in Sales Amid Price Drop : The recent sales marked a noticeable slowdown compared to the eight previous rounds, where Berkshire generated an average of $870 million per round over three days. The shares were sold at an average price of $39.30 on Tuesday, one of the lowest prices since Buffett began reducing the stake. Significant Proceeds from Stake Reduction : Since beginning to sell down the stake nearly two months ago, Berkshire Hathaway has generated close to $7.2 billion. Despite the sales, the conglomerate still holds over 11% of Bank of America’s stock, valued at around $33.7 billion based on the latest closing price of $39.28 per share. Strategic Adju...

Warren Buffett's Berkshire Hathaway Inc. has continued to reduce its stake in Bank of America Corp (BofA), selling an additional $982 million worth of shares. This latest round of sales, disclosed in a regulatory filing, occurred on August 23, 26, and 27, marking a significant pullback from the investment that has been a cornerstone of Berkshire's portfolio. Key Takeaways: Significant Reduction in BofA Stake : Since mid-July, Berkshire Hathaway has reduced its stake in Bank of America by nearly 13%, generating approximately $5.4 billion in total proceeds. This marks one of Buffett's most substantial reductions in a major investment in recent years. Impact on BofA Stock : Prior to the selling spree, BofA's shares had risen 31% this year. However, the stock has since declined by 10%, closing at $39.67, as investors react to Buffett's sell-off. Berkshire’s Continued Holding : Despite the sales, Berkshire Hathaway remains the largest shareholder of Bank of America, hold...

  Warren Buffett’s Berkshire Hathaway Inc. disclosed its third disposal of Bank of America Corp shares this month, reducing its massive stake in the lender by more than $3 billion. From July 25 to 29, Berkshire sold $767 million of the stock, according to a regulatory filing Monday. This, along with previous sales, decreased Berkshire's holdings by 6.9% this month. Despite the reduction, Berkshire still holds almost 962 million shares, valued at $39.5 billion at Monday’s closing price. This marks Buffett’s largest pullback from a long-held investment that has symbolized confidence in Bank of America CEO Brian Moynihan. The stock has risen 22% this year, allowing the 93-year-old investor to cash out profitably. Neither Berkshire nor Bank of America representatives commented on the sales. Buffett's initial investment in 2011, during a tumultuous period for the bank following the 2008 financial crisis, included $5 billion in preferred stock and the right to buy common shares. His ...

Well, if you're following the news, you'll probably disagree with this statement: IPOs are almost always a bad investment. After all, if you bought 7-11, you're probably looking your stock at 1.61 now, from the 1.38 ringgit that was priced each in its IPO. 7-Eleven Malaysia Holdings Bhd (SEM), controlled by Malaysian tycoon, Vincent Tan is looking like a great investment, just like how Karex turn out last year. Again, if you bought IPO, you have earned some big money. So, why did I said IPOs are almost always a bad investment? Well, I didn't say it. That was a statement made by the man who earn a fortune from investment, Warren Buffet. Buffett told Berkshire Hathaway shareholders that initial public offerings are almost always bad investments . He says there is so much hype involved that IPOs won't be the most-attractive value. He said investors should be looking for good businesses to buy and trying to determine how those companies will fare in...