Billionaire Warren Buffett Sold 41% of Berkshire’s Stake in Bank of America and Has Piled Into a Cheap Legal Monopoly in 3 of the Last 4 Quarters
The Oracle of Omaha continues to build a sizable position in one of Wall Street’s few legal monopolies. For the better part of six decades, Berkshire Hathaway (BRK.A 0.65%) (BRK.B 0.71%) CEO Warren Buffett has been crushing Wall Street’s benchmark index, the S&P 500, in the return column. As of midday on Sept. 26, he’d…