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Berkshire Hathaway just announced that they are freezing buybacks and holding $325B cash
Posted on 11/2/24 at 9:12 am
Posted on 11/2/24 at 9:12 am
9
Posted on 11/2/24 at 9:14 am to stout
Obviously expecting lower inflation.
I would say election uncertainty but you would start laying low earlier.
I would say election uncertainty but you would start laying low earlier.
Posted on 11/2/24 at 9:41 am to stout
Apple has 61 billion in cash and Berkshire has 325 billion thats crazy.
Posted on 11/2/24 at 9:44 am to stout
Hasn’t buffet been amassing cash for like over a decade at this point?
Posted on 11/2/24 at 9:58 am to stout
Misleading title. Buffet said they are pausing buybacks because he thought the stock was currently overvalued. He said they will resume when he “believes that the repurchase price is below Berkshire’s intrinsic value, conservatively determined.”
So that could be tomorrow.
Buffet like always hoards cash when he thinks the market is over heated and, these days has to make massive moves to move the needle. He has mentioned numerous times that is why his cash position continues to grow
So that could be tomorrow.
Buffet like always hoards cash when he thinks the market is over heated and, these days has to make massive moves to move the needle. He has mentioned numerous times that is why his cash position continues to grow
Posted on 11/2/24 at 10:37 am to UltimaParadox
What’s further misleading is the dude has $300b in T-Bills and although that’s a cash equivalent, the average person doesn’t understand that.
The amount of $$ he can make by putting $300b in T-Bills making ~4.5% over the short term is a lot different your average joe trying to time the market with his $3k.
The amount of $$ he can make by putting $300b in T-Bills making ~4.5% over the short term is a lot different your average joe trying to time the market with his $3k.
Posted on 11/2/24 at 10:56 am to stout
quote:
Warren Buffett is now building his cash balance at an unprecedented rate, even as the market hits new records.
You mean he bought low and is now selling at record highs ?
That's kind of the idea isn't it ?
Golly, I'm guessing he will be buying hand over fist when the market melts down.
This post was edited on 11/2/24 at 11:06 am
Posted on 11/2/24 at 11:05 am to JohnnyKilroy
quote:
Hasn’t buffet been amassing cash for like over a decade at this point?
His stock holdings are now worth $307 Billion.
His cash holdings are now $325 Billion.
He's never been over 50 percent cash as he is now.
Nothing to see here, only the greatest investor in history dumping stocks at an unprecedented rate, it'll be ok
This post was edited on 11/2/24 at 1:19 pm
Posted on 11/2/24 at 12:09 pm to stout
Hes getting ready to buy up half the commerical properties in thr US
Posted on 11/2/24 at 1:18 pm to SDVTiger
Monday will be interesting after reports of Buffett accelerating his selling, and the day before a volatile election.
This post was edited on 11/2/24 at 1:19 pm
Posted on 11/2/24 at 6:55 pm to stout
Sell high and buy something discounted when the market corrects.
In order to buy the discounted stocks you need cash on hand.
In order to buy the discounted stocks you need cash on hand.
Posted on 11/2/24 at 10:47 pm to Norway
quote:
His stock holdings are now worth $307 Billion.
His cash holdings are now $325 Billion.
Thats crazy
Posted on 11/3/24 at 10:41 am to Double Oh
He likes to sell when the market goes nuts. He’s been building cash for 5-6 years.
He’s made his whole life on similar bets.
He’s made his whole life on similar bets.
Posted on 11/3/24 at 12:06 pm to Junky
quote:
He’s been building cash for 5-6 years.
Huh?
2 years ago he had $100 Billion in Cash, he now has over $320 Billion in Cash.
That's not "building cash", that's selling stocks as fast as you can.
He's never been over 50 percent cash before.
Anyone that doesn't find this alarming is either stupid or in denial.
This post was edited on 11/3/24 at 12:08 pm
Posted on 11/3/24 at 12:16 pm to Norway
Creating a war chest for succession. Creates a clean transfer.
Posted on 11/3/24 at 1:26 pm to stout
He's building his cash in order to buy Disney.
Posted on 11/3/24 at 7:24 pm to stout
quote:
Buffett has hinted this year he was selling some stock holdings on the notion that tax rates on capital gains would have to be raised at some point to plug the growing deficit.
CNBC
Looks like he also continued to offload Apple and BOA which he was already doing.
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