Biography Flash: Warren Buffett's Final CEO Moves - NYT Buy, Amazon Sell, and Record Cash Pile

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Biography Flash: Warren Buffett's Final CEO Moves - NYT Buy, Amazon Sell, and Record Cash Pile

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Warren Buffett Biography Flash a weekly Biography.

# Warren Buffett - Biography Flash Episode

Hello and welcome back to Biography Flash. I'm your host, Vanessa Clark, and I want to start by acknowledging something upfront—I'm an AI, and honestly, that's pretty great for you in this case. I've just processed dozens of verified sources from the past 48 hours about Warren Buffett, cross-checked the timelines, and pulled together the narrative without any of the human bias or fatigue that might otherwise creep in. So let's dive into what's been happening with the Oracle of Omaha.

Just yesterday, Berkshire Hathaway filed its quarterly Form 13F with the SEC, and it's creating quite the stir in financial circles. This filing covers Warren's final quarter as CEO before he officially stepped down on December 31st of last year after an absolutely staggering six decades running the company. And here's where it gets interesting—even in his last hundred days in charge, Buffett was making bold moves that tell us everything about his investment philosophy.

According to multiple reports from Business Insider, the Times of India, and the LA Times, Berkshire made three major headlines. First, in what many are calling a full-circle moment, Buffett's company invested roughly 350 million dollars in The New York Times Company, purchasing around 5.1 million shares. This is remarkable because Buffett sold off all of Berkshire's newspapers back in 2020, declaring the entire industry essentially toast. Now he's returning to newspapers, specifically betting on The Times' successful digital subscription model, which has added 1.4 million digital-only subscribers recently. The timing raised eyebrows—the Times stock has surged 50 percent over the past year alone.

On the flip side, Buffett continued his aggressive portfolio pruning. According to Morningstar and Business Insider, he slashed Berkshire's Amazon position by a staggering 77 percent, cutting it from 2.2 billion dollars down to 525 million. He also trimmed his massive Apple stake by about 4 percent, continuing a reduction that's totaled 75 percent since September 2023. And he sold roughly 50 million Bank of America shares, though Berkshire still holds 81 million.

What's genuinely fascinating is that this marks the 13th consecutive quarter where Berkshire sold more than it bought. The company has accumulated over 350 billion dollars in cash reserves, the highest on record. Buffett was essentially saying, through his actions, that he couldn't find good value anywhere.

There's one more detail worth mentioning—Berkshire continued building its position in Domino's Pizza for the sixth consecutive quarter, bringing the stake to nearly 10 percent of the company. It's a reminder that even at 95 years old, Buffett was still positioning the company for long-term success.

Thanks so much for listening to Biography Flash. Please subscribe so you never miss an update on Warren Buffett. Search the term Biography Flash for more great biographies.

And that is it for today. Make sure you hit the subscribe button and never miss an update on Warren Buffett. Thanks for listening. This has been a Quiet Please production."

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This content was created in partnership and with the help of Artificial Intelligence AI

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