Reported 1 day ago
Warren Buffett's recent letter to Berkshire Hathaway shareholders highlights his significant divergence from Wall Street's views, particularly regarding the flawed use of EBITDA metrics. While Wall Street remains optimistic despite a high market valuation and economic uncertainties, Buffett has adopted a more cautious stance, evidenced by his decision to net sell stocks and accumulate a vast cash reserve. His investment philosophy emphasizes long-term gains over short-term fluctuations, suggesting he understands the market dynamics in ways that Wall Street may not.
Source: YAHOO