Why Warren Buffett Has Dumped 90% of His Walmart Shares

Warren Buffett believes in America’s future but seems more doubtful about that of Walmart and other traditional retailers. The billionaire’s Berkshire Hathaway sold off about $900 million worth of Wal-Mart Stores stock in the last quarter, or about 90% of what he had left after years of paring his investment in the discount retailer.

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