Quote:
Originally Posted by manaboutown
Warren Buffett has been selling large amounts of AAPL and BAC stock from the BRK portfolio. No doubt one reason is to lock in gains while the market remains overpriced as well as rebalance the BRK portfolio which at one time was over 50% AAPL but I feel an additional reason is that he sees LTCG tax rates substantially increasing by 2026. So do I.
As an aside he has built up quite a war chest to buy when the time is right IMHO.
Thoughts?
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I think Warren Buffett is 94 years old, and preparing to cash out of the earthly plane. He knows he can't take it with him. He's stated many times that he wants to give most of it away. He's already given away billions over his lifetime. He also has kids and grandkids to inherit whatever is left over after he gives away the bulk of his estate.
"When the time is right" doesn't really mean much when you're 94 years old.