Billionaire Warren Buffett sold 41% of Berkshire’s stake in Bank of America and it has become a cyclical company whose shares have soared 42,400% since its IPO.

Billionaire Warren Buffett sold 41% of Berkshire’s stake in Bank of America and it has become a cyclical company whose shares have soared 42,400% since its IPO.

13F forms provide a concise way for investors to track which stocks Wall Street’s smartest money managers are buying and selling. Profit taking may explain only part of the story behind Warren Buffett’s persistent selling of Bank of America stock. Meanwhile, an industrial stock with recurring revenue streams has clearly piqued the interest of Berkshire…

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