Billionaire Warren Buffett is buying a “high flying” asset after significantly reducing his exposure to the US banking industry, according to a new report. The renowned investor has sold $10.5 billion of Berkshire Hathaway’s stake in Bank of America since the summer, after selling all of the firm’s JPMorgan Chase and Wells Fargo positions in The post Billionaire Warren Buffett Pours $7,800,000,000 Into ‘High-Flying’ Asset After Dumping Bank of America, JPMorgan Chase and Wells Fargo: Report appeared first on The Daily Hodl .
