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Comments

• FauxPseudo@lemmy.world ⁨3⁩ ⁨days⁩ ago

  It should be noted that he is pulling quite a bit out of the market and holding it in cash. $344B in cash. He isn’t waiting for a dip. He expects a crash.

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  • tal@lemmy.today ⁨3⁩ ⁨days⁩ ago

    investopedia.com/warren-buffett-s-massive-war-che…

    Warren Buffett’s Berkshire Hathaway Inc. (BRK.A, BRK.B) has amassed the largest pile of cash ever held by a public company. At $344 billion, Berkshire Hathaway’s war chest is more than the combined cash reserves of Apple Inc. (AAPL), Microsoft Corp. (MSFT), Alphabet Inc. (GOOG), Amazon.com Inc. (AMZN), and NVIDIA Corp (NVDA)—despite them being collectively 14 times Berkshire’s market value.12 Also striking is that the record-breaking stockpile has doubled in just over a year.

    So what gives? As in everyday life, companies save for three main reasons: to prepare to weather an economic storm, to make a major purchase, or because they think what’s available isn’t worth it—in market parlance, it’s overvalued.

    A key chart value investors like Buffett use could help us narrow down the options: the S&P 500 index’s historic price-to-earnings ratio. That’s because it now sits 67% above its historical norm and almost 50% above its early 2022 value. This remarkable deviation could be a major reason that the famed Oracle of Omaha could be storing cash.

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• MyBrainHurts@piefed.ca ⁨3⁩ ⁨days⁩ ago

  Of course Buffett hopped off the ai train before it was cool.

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  • bamboo@lemmy.blahaj.zone ⁨3⁩ ⁨days⁩ ago

    Yeah, seems like investment in Energy sector has had the biggest increase over the last 5 years. Don’t invest in the guy mining for gold, invest in the guy selling pick axes

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    • MyBrainHurts@piefed.ca ⁨3⁩ ⁨days⁩ ago

      Ha, completely. I’d just figured that was a Ukraine war switch but I imagine you’re right.

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