Yahoo Finance·2025-12-23 14:02Group 1 - Warren Buffett has been increasingly conservative in the stock market over the past three years, selling over $24 billion worth of stocks in the first nine months of 2025, including significant sales of Apple, Bank of America, and others [1][2][7] - Buffett believes the market is currently overvalued and is willing to wait for better buying opportunities, indicating a strategic approach to investing [2][3] - As Buffett prepares to retire as CEO, there is speculation that he is building a cash reserve for his successor, Greg Abel [2] Group 2 - Berkshire Hathaway has been reducing its position in Apple since Q4 2023, selling $10.6 billion worth of shares in Q3 2025, likely due to a perception of an overheated market rather than issues with the company itself [4][5] - Buffett's long-standing relationship with Bank of America includes a significant investment during the 2008 financial crisis, but he has now reduced his stake by $1.92 billion in Q3 while still holding $29.3 billion worth of shares [6][7] - Buffett sold $1.2 billion of VeriSign to maintain ownership below 10% and avoid regulatory obligations [7]