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Berkshire switches bets on banks, adds wager on Barrick Gold

Warren Buffett's Berkshire Hathaway shifted investments in banks -- paring stakes in many of the financial industry's top names -- and bet on Barrick Gold despite years of chiding the precious metal.

Berkshire significantly reduced its stakes in JPMorgan Chase & Co and Wells Fargo & Co in the second quarter, according to a regulatory filing Friday (Saturday AEST).

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    Original URL: https://www.afr.com/markets/equity-markets/berkshire-switches-bets-on-banks-adds-wager-on-barrick-gold-20200815-p55m09