Warren Buffett Is Selling Apple and Bank of America and Piling Into This Beaten Down Value Stock Instead

This stock looks like a classic "bear greedy when others are fearful" investment. As Warren Buffett approaches his 95th birthday, he remains one of the most well-respected investment managers in the world. That's readily evident in how Berkshire Hathaway (BRK.A -0.13%) (BRK.B -0.06%) shares reacted to the news that he would step down as CEO of the company starting Jan. 1 next year. The stock has dropped about 10% since then, due almost entirely to its contracting valuation multiple. Seemingly, investors are ...