#KCN: Warren Buffett: 84% position reduction
Channel: KCN News
Date: 2020-05-18

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Hello everyone! Alice works in the studio. Why Warren Buffett is reducing its position, including in Goldman Sachs. If earlier he said that  banks aren't the problem. Then what is the problem? The answer lies in what Buffett said at the shareholders meeting. According to CCN, Buffett said: “You can dream of scenarios that put a lot of strain on banks, and they’re not totally impossible. They’re going to have problems with energy loans, they’re going to have extra problems with consumer credit”. Warren Buffett reduced its position in Goldman Sachs by 84%. And also reduced his position in Phillips 66 and  insurance giant Travelers Cos. Alice was with you. See you later!
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Info: https://www.ccn.com/banks-problem-warren-buffett-goldman-sachs/