Warren Buffett Just Shunned His Favorite Stock for the First Time Since 2018, and It Could Spell Trouble for the S&P 500

Warren Buffett is the CEO of the conglomerate Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B). Under his leadership, Berkshire stock has delivered a compound annual return of 19.8% since 1965, which would have been enough to turn an investment of $1,000 into a whopping $42 million.The same investment in the S&P 500 would have grown to just $308,115 over the same period, so it's no surprise Wall Street watches Buffett's every move. Buffett is on a selling spree this year, which is a sign he might be feeling cautious about the broader market. According to Berkshire's 13-F filing for the third quarter of 2024, the conglomerate continued to dump a substantial amount of stock.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool