Warren Buffett Dumps Nearly $10 Billion of 1 Key Stock and Buys $345 Million of His Favorite Stock. Here's What You Need to Know.

Why is Buffett quietly offloading a significant chunk of Berkshire Hathaway's long-held stake in Bank of America?The "Oracle of Omaha" didn't get that name for his lack of foresight. Warren Buffett's ability to read the tea leaves, as it were, has made him a very rich man over his 60-year career. So when the billionaire investor makes substantive changes in his company's key holdings, people pay attention. Why, then, is Buffett scaling back one of Berkshire Hathaway's (BRK.A 0.12%) (BRK.B -0.23%) central in ...