You are correct.
However, Berkshire Hathaway has their largest cash position ever.
They are positioning themselves to be able to buy when we get that next correction in the market.
The question is just how big will that correction be?
The stock market is at all time highs.
S&P 500, DOW, NASDAQ all at the highest levels ever.
Buffet has stated that he doesn’t see any values.
So, he has been selling for about a year.
He has been parking his cash in short term TBills.
Which were paying over 5% until just recently.
I am copying him.
I sold all my stock based mutual funds for the first time in my life in July.
I was very heavy in tech.
I just wish I had bought gold and Bitcoin instead of 4, 8 and 17 week TBills.
Right. That is the news. They are trying to keep the markets propped up through the election. It is the inverse of 2008.