Billionaire Warren Buffett Sold 45% of Berkshire's Stake in Bank of America and Piled Into a Virtual Monopoly That's Gained Nearly 13,000% Since Its IPO
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Warren Buffett has overseen a nearly 6,200,000% cumulative gain in Berkshire Hathaway’s Class A shares (BRK.A) over the last six decades.
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Buffett has been a persistent seller of BofA stock — and profit-taking likely explains only part of the story.
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Berkshire’s billionaire boss scooped up more than $4 billion worth of a company that possesses a near-monopoly in global internet search.