Warren Buffett sours on banks and likes gold4 min read 15 Aug 2020, 05:35 AM IST
Berkshire Hathaway’s only new purchase in the second quarter was Barrick Gold, which doesn’t indicate confidence in a quick economic recovery.
Dumping bank shares and investing in a gold miner? It certainly doesn’t sound like a Warren Buffett move, but that’s exactly what the investing guru’s company did in the second quarter, according to a regulatory disclosure Friday. It’s not a good sign for markets.
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