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