The Cash King
Nov 16, 2024
Sometimes you find an article that really says it best. The link below is to a Wall Street Journal article regarding Buffett's cash pile.
Given what we know about valuation and the current overvaluation, you have to sit up and pay attention when the world's pre-eminent investor piles into cash.
https://www.wsj.com/finance/investing/does-warren-buffett-know-something-that-we-dont-48fabc9d?reflink=desktopwebshare_permalink
Warren Buffett's Berkshire Hathaway has amassed a record $325 billion in cash and equivalents, primarily in Treasury bills, as of September 2024. This significant cash reserve suggests a cautious approach amid an increasingly expensive stock market. Despite this, Berkshire continues to invest, recently acquiring stakes in Domino's Pizza and Pool Corp. However, these new investments are relatively modest by Berkshire's standards. The company's move towards a larger cash reserve indicates a strategic shift, possibly in anticipation of future investment opportunities or market corrections.
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