Warren Buffett plowed more than $10 billion into IBM in 2011, making it one of his company’s largest investments. Photo: ReutersSeattle: Warren Buffett continued to trim a once-major investment in International Business Machines Corp. while adding to newer holding Apple Inc. in the third quarter. Buffett plowed more than $10 billion into IBM in 2011, making it one of his company’s largest investments. Berkshire’s investment climbed by about 4 million shares in the period and was valued at roughly $21 billion. In August, Buffett converted a preferred stake in Bank of America Corp. into common shares.

Source: Mint November 15, 2017 03:56 UTC