Warren Buffett continued to sell Apple during the third quarter, but that wasn't his most surprising move -- not by a long shot.

Warren Buffett is the CEO of Berkshire Hathaway ( BRK.A 0.99%) ( BRK.B 0.95%), which has delivered an annual return of 19.8% since Buffett took the helm in 1965. That could have turned an investment of $1,000 into more than $42 million. The same investment in the S&P 500 index would have grown to just $308,115 over the same period.

The world’s most famous value investor is sitting on an enormous cash pile. Warren Buffett’s conglomerate Berkshire Hathaway currently holds more than $325 billion in cash and equivalents, according to the firm’s quarterly financial statements, most of it in U.S. Treasury bills.

Last quarter, Buffett sold shares in three notable companies. Berkshire Hathaway has been one of the biggest owners of Apple ( AAPL) common stock for many years, and Buffett described Apple as one of the company’s “giants” in his 2021 shareholder letter.

However, the defining characteristic of Warren Buffett's success has been his willingness to concentrate Berkshire Hathaway's investment portfolio. Buffett and former right-hand man Charlie Munger, who passed away in November 2023, long believed that their ...

Warren Buffett has recently engaged in a significant sell-off of stocks while amassing a substantial cash reserve. Learn how investor wariness can impact hiring.

Warren Buffett’s Berkshire Hathaway (NYSE:BRK-B) has been quite the aggressive seller of stocks this year. The recent lack of buybacks and extreme level of profit-taking may make some investors nervous.

Warren Buffett recently emphasized the importance of viewing stock investments as buying businesses, not speculating on market fluctuations. In an interview with CNBC, Buffett cited an example from 1932 when General Motors had 19,