Why Warren Buffett Just Sold 15% of His Apple Stake and Is Putting Money Here Instead

At the end of this year, Warren Buffett is finally retiring after leading Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) for more than six decades. In that time, Berkshire Hathaway has been one of the stock market's best-performing stocks, and its moves have attracted much investor interest, hoping to mimic its success in some sense.

In the third quarter, Buffett and Berkshire Hathaway made some notable moves that leave the next wave of leadership with a record-breaking cash pile of over $380 billion. We can't fully predict Berkshire Hathaway's direction post-Buffett, but its incoming CEO, Greg Abel, will have plenty of resources at his disposal.

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Source Fool.com