The final act! Curious case of Warren Buffett's Berkshire swapping 'banks' for 'booze' as he prepares to step down

  • Posted on May 16, 2025
  • By Business News Today
  • 3 Views
The final act! Curious case of Warren Buffett's Berkshire swapping 'banks' for 'booze' as he prepares to step down

As Warren Buffett nears retirement, Berkshire Hathaway adjusts its portfolio, increasing its stake in Constellation Brands, signaling a move towards consumer staples. Simultaneously, the firm is reducing its holdings in financial institutions amid economic uncertainties. Despite being a net seller of stocks, Buffett maintains a substantial cash reserve, awaiting opportune investments, ensuring continuity under Greg Abel's leadership.
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