The sell-off partially reflects the "Buffett premium," or the extra price investors are willing to pay because of the legendary investor's unmatched record.
Warren Buffett recently announced he's stepping down as Berkshire Hathaway's CEO at the end of this year — but he may not actually stop working. Here's why.
An audience member at the Berkshire Hathaway shareholder meeting asked why Warren Buffett was "still buying stocks instead of more property." Buffett explained.
JPMorgan estimated that Berkshire's T-bill position, $314 billion at the end of March, accounted for 5% of all outstanding short-term government bills.