a robber baron by any other name.
Worth less and less every day.
Even if government confiscated all of it - It would only cover 3 weeks of Federal deficits.
He must have one heck of a humungus mattress.
I’m not sure this is a good indicator of anything in particular. Buffett unloaded a tremendous amount of Apple stock, which I believe (but am not sure) was his biggest holding.
The market is pretty danged high right now. I don’t fault him for his caution taking on new (to him) issues.
> Buying during a downturn is scary as heck. <
True that. And there is an old saying: It’s easy to know when to get out of the stock market. It’s tough to know when to get back in.
As for me, I just follow the rule: Stocks percentage = 100 - my age.
Overly simplistic, I know.
FWIW, the graph actually shows a decrease in buying power and is therefore misleading unless it can be viewed in reference to another bench mark.
https://www.macrotrends.net/2324/sp-500-historical-chart-data
According to the above link the average closing price of the S&P five years ago in 2019 was $2,913, while the average this year is $5,053 or an increase of over 70%.
Buffet’s cash stash only increased about 40%.
Buffet can buy less shares in 2024 than he could have in 2019.
THIS is significant news, but few will pay attention.
He’s not holding cash but 6 month to 12 month T-bills.
What does he care, he’s also one of the biggest owners of Black Rock.
I am too among other things;-)
The article doesn’t disclose what the total assets have been. A far better measure would be percentage of assets in cash.
I expected a sell off before now. That’s why I’m not rich. This market makes no sense to me. .