Cathy Seifert explained that "Apple was becoming an outsized piece of the portfolio," so the offloading "made sense." This indicates Berkshire's strategy in managing risk and ensuring diversification.
Meyer Shields noted that the firm might have thought "it was fairly valued, or maybe more than fairly valued," which suggests Buffett's cautious approach to investing amidst soaring tech valuations.
Seifert stated that Buffett is a value investor who "tends to zig when everybody else zags...he's not going to be swayed by momentum, certainly not," highlighting his unique investment philosophy.
Despite the stock market booming, Berkshire's large cash reserve indicates Buffett's belief in waiting for better opportunities rather than following short-term trends.
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