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Berkshire Hathaway cut banks position in Q4: Right again?
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As we noticed, the shares of SVB plunged over 60% this month, while the banking sector as a whole was also a sea of red. The KBW Bank Index tracking U.S. bank stocks plummeted nearly 25% this month, marking a 27-month low.
In retrospect, Warren Buffett's notable move in Q4 was cutting its exposure to regional banks. Specifically, Berkshire Hathaway cut its stake in Bank of New York Mellon (BK) by roughly 60% during Q4 2022, according to a February regulatory filing. Also, it slashed the stake in U.S. Bancorp (USB) by about 91% the same quarter, which was unusual given that Buffett had been invested since 2006. Both stocks were down substantially in March.
*13F Tracking changes in Q4 2022
Q: 1) How do you view the U.S. banking sector currently?
2) Does value investing mean locking up and not changing positions?
Rewards:
Five winners will be given 1,000 points, respectively, based on the content originality, quality and engagement!
Event Time: March 16 – March 30, 2023, ET.
In retrospect, Warren Buffett's notable move in Q4 was cutting its exposure to regional banks. Specifically, Berkshire Hathaway cut its stake in Bank of New York Mellon (BK) by roughly 60% during Q4 2022, according to a February regulatory filing. Also, it slashed the stake in U.S. Bancorp (USB) by about 91% the same quarter, which was unusual given that Buffett had been invested since 2006. Both stocks were down substantially in March.
*13F Tracking changes in Q4 2022Q: 1) How do you view the U.S. banking sector currently?
2) Does value investing mean locking up and not changing positions?
Rewards:
Five winners will be given 1,000 points, respectively, based on the content originality, quality and engagement!
Event Time: March 16 – March 30, 2023, ET.
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Berkshire Hathaway cut banks position in Q4, right again?
Wow 
+
, I guess Warren Buffett is not a legend for nothing 
~
$Berkshire Hathaway-A(BRK.A.US$
He'd already reduced banks position just before the crash
& while others are still in shocked like this 
from the crash ~
He'd also cut his position in chip maker $Taiwan Semiconductor(TSM.US$ & I'd mentioned before in the past that I think he'd made the correct move
. Welp, let see if this time he will be correct again 
~
In fact, I'm ske...
+, I guess Warren Buffett is not a legend for nothing ~$Berkshire Hathaway-A(BRK.A.US$
He'd already reduced banks position just before the crash
& while others are still in shocked like this from the crash ~He'd also cut his position in chip maker $Taiwan Semiconductor(TSM.US$ & I'd mentioned before in the past that I think he'd made the correct move
. Welp, let see if this time he will be correct again ~In fact, I'm ske...
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, when banks are in troubles, crypto bulls come out to value themselves by comparing that it's a safer park haven for ur asset than banks & tried to bearish talk on banks+further devalue usd...
show has began)
...
) because of those idiots banks without risk management & the FED has to save those idiots by making themself an idiot, which further make me a super idiot too because I DYODD & did my risk management...
wait, maybe I'm one from the start 
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~
from banks together to force triggered the FED 
which further value crypto currency 
?
the market?
Nothing changed
Buffet selling his bank stocks is why the stocks dropped. There wasnt enough buying volume to support his sell. Thats what any stock will do even when you space the selling out over 3 months to create an average sell price. He bought in March 2020 when prices were almost as cheap.
The banking sector is wanting to remove its dependence on cash reserves and move into bonds and securities. The Repo will be what banks use when cash funding is required.
The banking sector is wanting to remove its dependence on cash reserves and move into bonds and securities. The Repo will be what banks use when cash funding is required.
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