Warren Buffett's Berkshire Hathaway Dumps U.S. Stocks, Moves to Treasuries

Recently, Warren Buffett and Berkshire Hathaway made big moves in the stock market that are garnering the attention of investors and analysts alike. Buffett, the executive chairman of Berkshire Hathaway, announced that he was reducing the company’s exposure to equities by selling off billions of dollars worth of stocks and investing in treasuries instead. This came as a shock to many. Buffett is known for his long-term views, and he had just recently acquired a sizable stake in Taiwan Semiconductor (TSM). The reason for the sudden change of heart? Buffett re-evaluated his position and determined that the location of the company did not meet his portfolio’s expectations. Buffett then went on to comment on the current banking crisis, criticizing the executives responsible for the collap…