There are quite a few news items over the weekend, and the only thing related to the cryptocurrency circle besides the election aspect might be this: ↓

Berkshire recently released a report showing that the company sold 100 million shares of Apple stock in the third quarter of 2024, marking Buffett's second significant reduction in his Apple holdings. Previously, he held a maximum of 905 million shares, but now only has 300 million shares left.

Currently, Berkshire holds $325.2 billion in cash, a record high. There’s nothing much to interpret about this move; it’s clearly a sign of skepticism towards the current valuation of U.S. stocks, thinking they are overpriced and deciding to sell, holding cash to wait for a significant drop to buy at the bottom. Previously, he nearly liquidated his holdings in Bank of America as well, and for the past six months, every time I read news about him, it’s been about selling, selling, selling.

The last time he halved his Apple holdings triggered a sell-off in Apple and the tech sector, causing a 10% drop when the market opened the next day. However, the impact this time will certainly be much smaller. But I always feel that this old man must have some insider information that others don’t know or a particularly keen sense of smell, considering he has plenty of cash flow 🤔