It’s probably nothing … $56 billion of net-equity security sales over an 18-month stretch speaks volumes without the Oracle of Omaha having to say a word.
It’s probably nothing … $56 billion of net-equity security sales over an 18-month stretch speaks volumes without the Oracle of Omaha having to say a word.
I doubt that Buffett is trying to time an exit, something he’s never claimed to be good at. He probably just thinks that the specific stocks he sold were overvalued.
The biggest problem with buying into a bubble is not getting in early.
Charlie Munger was the real brains anyway.
The equities are finding willing buyers, at least for now. Bigger problems occur when the seller has to keep dropping the asking price or the sale goes no bid.
Bubble schmubble… I’m not all that worried about bubbles. No … it’s that MOST of the market is traded on the ephemeral … “sentiment”. One can SEE bubbles expanding with half a consciousness … but “sentiment”? Esp. from the MAJOR investors (pension funds, etc) who REALLY move the Market? That I cannot see or predict.
In a casino … it’s the card count that matters. In the stock market casino … the cards aren’t even on the table.
So he’s sitting on Cash, or devaluing TBills?