Warren Buffett's Berkshire Hathaway Doubled Down on Constellation Brands Stock. Time to Buy?
Over the last few quarters, Warren Buffett's Berkshire Hathaway was a net seller of stocks. This was also true of the most recent quarter, as its liquidity rose to $348 billion, up from $335 billion in the previous quarter.Still, Buffett and his team bought some stocks in Q1, and its fastest-growing position was Constellation Brands (NYSE: STZ). The company increased its stake by 116% and now owns over 12 million shares.Nonetheless, investors like Buffett buy stocks for many reasons. Knowing that, should average investors follow Berkshire's lead in this Warren Buffett investment or stay on the sidelines?Continue reading
Over the last few quarters, Warren Buffett's Berkshire Hathaway was a net seller of stocks. This was also true of the most recent quarter, as its liquidity rose to $348 billion, up from $335 billion in the previous quarter.
Still, Buffett and his team bought some stocks in Q1, and its fastest-growing position was Constellation Brands (NYSE: STZ). The company increased its stake by 116% and now owns over 12 million shares.
Nonetheless, investors like Buffett buy stocks for many reasons. Knowing that, should average investors follow Berkshire's lead in this Warren Buffett investment or stay on the sidelines?
