Warren Buffett dumps $1.7 billion of Amazon stock
Summary
The article reports Berkshire Hathaway's 13-F filing showing a 77% reduction of its Amazon stake, selling 7.7 million shares worth about $1.7 billion. The piece notes Buffett's shift away from large tech holdings toward more durable sectors, including a new NYT position and increases in Chubb and Chevron, suggesting a cautious stance ahead of a potential downturn. It frames Buffett's moves as a broader strategic rotation back to traditional, recession-resistant assets.