Berkshire halves Apple stake, boosts cash to $277 billion as it gets 'defensive’. Warren Buffett appears to have soured on stocks, letting cash at Berkshire Hathaway soar to nearly $277 billion and selling about half its stake in Apple, even as the conglomerate posted a record quarterly operating profit.
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Berkshire's results released on Saturday suggest the 93-year-old Buffett, one of the world's most revered investors, is growing wary about the broader U.S. economy, or stock market valuations that have gotten too high.