Warren Buffet Sells US Stocks & Buys Bonds

Buffett carefully shifts Berkshire from stocks to bonds

 
Preparing for a shaky economic recovery that could take a while to pick up momentum, Warren Buffett is rebalancing the investments of Berkshire Hathaway. He is scaling back investment in stocks and putting more capital into corporate and government debt. "We are not out of problems yet," Buffett said. "We have got to get the sputtering economy back so it is functioning as it should be."

 

Only a year after the crisis struck, he seems to be worrying that the broader stock market might falter again. After boldly buying when so many were selling assets, his conglomerate, Berkshire Hathaway, is pulling back, buying fewer stocks while investing in corporate and government debt. And Mr. Buffett is warning that the economy, though on the mend, remains deeply troubled.
- The New York Times
 

 

Victor Lloyd Smith

Millennium Lyon Asset Management