Berkshire Hathaway continued to reduce its stake in Bank of America in recent days, unloading 21.6 million shares for about $862 million and reducing its interest to 10.5% of the banking company’s stock.

Berkshire is a conglomerate that owns a portfolio of subsidiaries as well as a portfolio of investments in outside companies, like its stake in Apple. Although the latter often gets more media attention, the businesses that Berkshire controls are a huge part of its bottom line.

Warren Buffett has purchased $345 million worth of Berkshire Hathaway stock in the June quarter. This brings the year-to-date total to $2.6 billion and nearly $78 billion since 2018. Regular buybacks suggest that Buffett believes Berkshire stock is often undervalued.

Billionaire super-investor Warren Buffett has shared plenty of financial wisdom over his almost 70-year career. On the subject of retirement, he famously said, "If you don't find a way to make