I'd be happy with 0.01 percent of what Mr. Buffett has.
Staggering.
Berkshire Hathaway has offloaded nearly $1 billion in Snowflake stock as it exits the former IPO chart-smashing cloud data warehousing and analytics specialist. According to a recent filing with the US Securities and Exchange Commission, the investment company run by Wall Street legend Warren Buffett now holds no stock in …
Yes, Buffett has said it's time to move into bonds. He, better than most, knows that many valuations are way above long term averages and corrections are coming. Some companies, of course, will go on to justify the valuations, but most won't and a good investor doesn't make money by "picking winners".
Yep.. Sell when the world is high on hype, buy when there's blood on the streets.
It's the basic long-game investor strategy, but it certainly doesn't buy happiness, never mind peace
Which is why it's better to get off early even if it means potentially missing out on even juicier returns. The stockmarket seems to be betting that central banks will quickly lower interest rates to post-2008 levels so that the debt-driven party can continue. Given the persistently high level of core inflation, this looks unlikely. In the same vein: profits and expectations have been way above long-term averages for a while, which begs the question how can that continue. But analysts tend to earn more money by peddling upbeat stories than pointing out risks.
"He, better than most, knows that many valuations are way above long term averages and corrections are coming. "
If there isn't much upside to holding, it can make more sense to limit risk and move some investments into cash so they can instantly take advantage of something else. It would be more painful to see those investments in a dip at the same time another stock was a awesome buy.
Or getting out because the leadership and changes at Snowflake haven't ticked Mr Buffet's three boxes of integrity, intelligence, and energy? Berkshire are normally in for the long term.
Buffet (and business partner Munger) are legends - polite, modest, thoughtful, patient, intelligent, keen to teach and explain, owning their own mistakes. What a pity that they are so utterly unrepresentative of the clay-heads that populate most of the world's boardrooms, and in particular the entitled imbeciles running big tech.