Does Warren Buffett Know Something Wall Street Doesn't? He Sold a Vanguard Index Fund Analysts Say Could Soar Over 100%
Last week, Warren Buffett's Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) submitted its Form 13F for the fourth quarter. That document detailed several changes to its portfolio, including the fact that Berkshire sold its stake in the Vanguard S 500 ETF (NYSEMKT: VOO).
That decision may have surprised investors. Buffett often says an S 500 index fund is the best way for most people to get exposure to U.S. stocks. And many Wall Street analysts expect the S 500 (SNPINDEX: ^GSPC) to soar from its current level of 6,010 in the coming months and years:
Read on to see why analysts are generally optimistic about U.S. stocks, and why Buffett's decision to sell the Vanguard S 500 ETF is no cause for alarm.
Source Fool.com
Berkshire Hathaway Inc. A Aktie
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