Reported about 2 months ago
Warren Buffett, CEO of Berkshire Hathaway, has increasingly built a substantial cash position, reaching nearly $277 billion, signaling caution to investors about current stock valuations. Despite the long-term growth of the U.S. economy, Buffett's consistent net-selling of equities over the past several quarters reflects his belief that stocks are historically overvalued. His patience and investment strategy, focused on buying opportunities rather than speculative trades, underline his approach as he waits for more favorable market conditions.
Source: YAHOO