3 ms·
> Instead Buffett said that this posture in no way represented a move away from his love for stocks. “Despite what some commentators currently view as an extra
by from-nibly 2y ago
> Instead Buffett said that this posture in no way represented a move away from his love for stocks.
“Despite what some commentators currently view as an extraordinary cash position at Berkshire, the great majority of your money remains in equities,” Buffett wrote in the 2024 annual letter released Saturday. “That preference won’t change.”
Those are weasel words. He doesn't address why his position is changing. He misdirects away from it by saying he loves stocks. Which has no bearing on weather or not you should be increasing or decreasing your position in stocks.
- epolanski 2y agoBuffett is always bullish in words over the companies he holds, fully or partially. Then proceeds doing otherwise anyway.
- jjallen 2y agoIf he’s selling stocks he thinks the market is overvalued. Which it is. He’s not keeping any secrets here. It’s been this way for decades.
- tim333 2y agoBuffett is not intending to advise you as to whether you should increase or decrease your stock holdings.
- aprilthird2021 2y agoHe doesn't address it. You're right. But oftentimes in business, especially when it comes to public statements pertaining to shareholders, you cannot be honest. As an example, suppose, BH is selling stocks and amassing more cash than usual in an attempt to shift investment into a new undervalued firm or commodity. Now, they need to research, investigate, double check, build a strategy, build a contingency plan, etc. etc. They cannot reveal this plan publicly before it is complete as that would drive up the price of any potential targets. Just an example.