Buffett Unloads $24 Billion in Stocks Amid Market Overvaluation

Warren Buffett has sold over $24 billion in stocks during the first nine months of the year, including $10.6 billion in Apple. He reduced his Bank of America stake by $1.92 billion in Q3 but still holds $29.3 billion worth of shares. Buffett sold $1.2 billion of VeriSign to keep his ownership below 10% and avoid regulatory obligations. He believes the market is overvalued and is waiting for it to cool off before making further investments.