Why is Warren Buffett still sitting in cash?
Because more pain is still to come.
He's a retard
I have been on /smg/ for one whole second and know that stocks only go up
''I don't own any Bitcoins, I never will but the new generations seems to understand it and that's why it's going to be big''
-Warren Buffet
how dumb are you?
Because he is irrelevant in the current environment of stocks because the rules clearly don't apply anymore.
He's playing it safe.
Hes paranoid that he will be bogged
you know why
Because we're being artificially pumped. It's easy for us to take advantage of it, because we're moving thousands around. When you're moving billions around, your moves are less flexible and they actually move the market because people follow you, so he can't really play the short game as well and when he moves he's gotta move a lot all at once.
In other words, we're going to get gaped again, it's just a matter of time.
He is about to all in ETH.
Because the Stock Market is still massively overvalued. Its like we are playing a game with a big wheel. The wheel has 100 numbers on it. every time the wheel lands on numbers 1-99 everyone gets a dollar from Warren Buffet. YIPEEE! But if the wheel lands on number 100, everyone has to pay $130 to Warren Buffet. Everyone is standing around the wheel laughing in Warren buffets face, and waiving there singles around like big time winners. Warren Buffet is spinning the wheel, waiting for number 100 to hit. When the market cap to GDP falls below 90%, that's when the wheel hits the number 100.
he held 128 billions of cash by year end 2019. If he still holds that amount is not at all clear, it's disclosed in berkshires anual meeting on 2nd may. What i know so far is that he sold Delta below threshold and even issued bonds for getting more cash. Therefore i assume he either went on a buying spree already or is heavily preparing to do so.
This, don't underestimate that old fucker, i assume he did a lot of phone calls with companies in dire need of cash.
He should start listening to himself
Lol retard
And they listen to him
idk how you could hate on buffet, dude's like the poster boy for risk management and compound earnings.
probably because there is nothing on the planet that more money could get him
he never said that retard, give citation.
However what he said in the latest cnbc interview was that they are "completely worthless and don't produce anything"
Social distancing and rolling shut downs will continue in some form through 2020 and until a vaccine is widely dispersed.
Stock are only up due to a massive pump and lack of fixed income to invest in for any yield. Uniformed retards think we're "going back to normal" where as we are going to slowly open stuff back up and have rolling regional shutdowns.
When the Treasury goes to sell $4 trillion in t-notes and people have a safe place for yields it's going to dump. Probably before then when earnings come out.
No one cares about earnings now though. Stocks are a commodity. The Fed has basically said no large firm is going bankrupt this summer. Even junk bonds will be bought.
So no one can fail for at least three months. Might as well hold that and hope for a better return since selling bonds you buy now will be impossible once there are $4 trillion more in treasuries.
"All fucking niggers must fucking hang"
-Warren Buffet, Berkshire Hathaway annual meeting, 2011
Wait you think... he ONLY has cash.... ahahahahhahaahahah
"[Gold] gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head.”
Buffett, W. (1998).
because we havent seen the bottom yet. Bottom could be in 2 weeks - 2 years time
Fren, that's a good analysis. The T-notes will receive massive inflow, that will move out of stocks. It's a matter of who's the first to move out. The timing will be set by the institutionals which will lead to small retail investors getting it up the ass again.
Where should I take financial advice from?
>Billionaire rich man who owns multiple companies
>Message board tranny loving faggots who cock sucks their favourite coin’s big black dick?
Makes me really wonder
You're welcome. He's making fucking power plays in the background and will categorically deny everything and anything.
Lmao funny analog.
Didn’t he also say that the stock market is a mechanism for transferring money from the greedy to the patient, or something to that effect?
Buffet's advice is given to benefit himself, not the ones receiving the advice. Please use your brain.
>Buffet asks for a 20
>keeps it
Its not that this isn't the bottom. Buffett just doesn't trust the market at the moment. Trade is about trust.
Once you make it, you can't unmake it.
When you are there, you are there and there is no going back.