Buffett Cutting Apple Stake Makes Sense, CFRA’s Seifert Says

CFRA SVP and Research Analyst Cathy Seifert reacts to Berkshire Hathaway’s earnings and continued sales of Apple shares in the third quarter. She speaks on "Bloomberg The Close." Berkshire Hathaway’s cash pile reached $325.2 billion in the third quarter as Warren Buffett continued to refrain from major acquisitions while trimming some of his most significant equity stakes.

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