Warren Buffett continued to sell stocks in the first three months of this year and told investors in his holding company Berkshire Hathaway that he had not seen big opportunities to spend its mounting cash pile.
Figures showing he offloaded stocks for the tenth consecutive quarter came on Saturday in a quarterly earnings report that provided the backdrop to Berkshire’s historic 60th annual meeting in Omaha, Nebraska.
Attendees at the event queried when Buffett might finally unleash some of the company’s financial firepower. Buffett sold $4.7bn in stocks in the three months to March 31, more than the $3.2bn he purchased.
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