The Australian sharemarket resumed its downtrend to close firmly in the red, dragged down by miners and banks, marking the sixth day of losses out of the past seven.

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Berkshire Hathaway made significant adjustments to its portfolio in Q4 2024, reducing its investment in a number of stocks. However, its stake in Apple remains unchanged.

Warren Buffett, through his conglomerate Berkshire Hathaway (BRK.A-0.33%) (BRK.B-0.19%) was a huge net seller of stocks. The Oracle of Omaha took a hacksaw to his two largest stakes in Apple and Bank of America,

Warren Buffett’s conglomerate paid the government $26.8 billion last year, largely related to the sale of highly appreciated Apple stock.

Berkshire Hathaway‘s fourth-quarter operating earnings surge 71%, Apple plans to spend more than $500 billion in the U.S. over the next four years, Alibaba plans to invest more than $52 billion on artificial intelligence over the next three years,

The opportunity-starved organization is likely to start making major investments again -- just in a different way.

Warren Buffett’s conglomerate held $334 billion in cash at the end of 2024, helping to stabilize earnings in the face of declines at more than half of the nearly 200 businesses it operates.