Buffett: Reducing Apple holdings is for tax reasons, not a judgment on its long-term prospects

On May 5th, according to CNBC, when asked why Berkshire reduced its position in Apple, Buffett said that it was for tax reasons, because the investment made a good return, not because of his long-term judgment on the stock. He also said that this may be related to his personal opinion that U.S. tax rates will be raised to fund the ballooning U.S. fiscal deficit.