Reported 1 day ago
Warren Buffett, the renowned CEO of Berkshire Hathaway, is currently holding a staggering $344 billion in cash as he struggles to find appealing investment opportunities, reflecting a cautious approach amid high market valuations. Following the teachings of his mentor Benjamin Graham, Buffett emphasizes the risks of overpaying for stocks, urging investors to proceed with caution. While he has made a notable acquisition in Occidental Petroleum, it constitutes a mere fraction of his cash reserves, indicating a broader warning about the expensive market conditions.
Source: YAHOO