3 ms·
Isn't he supposed to be smarter than that?
by FrankWilhoit 2y ago
Isn't he supposed to be smarter than that?
- cjbenedikt 2y agoPretty smart already having significantly reduced his shareholdings before the market tanked.
- actionfromafar 2y agoIs smart approximately the same as well connected? In that case the GOP congress seems very smart, putting in orders just minutes before whitehouse tariff announcments.
- BLKNSLVR 2y agoNo. Buffet had been exiting positions to cash for a few months. My impression is that he started that process once he got a whiff of the possibility of a second Trump term in combination with the likelihood of an incoming recession (based on historic indicators), no matter who won the presidential race. That's smart as opposed to well connected / insider trading.
- Sabinus 2y agoShort term treasury bills, like the ones TFA says Buffett has, mature between 4 and 52 weeks. Since, within that timeframe, the risk of Trump crashing the stock market is far greater than Trump having the US default on its debt, Buffet is making the smart move.
- tim333 2y agoTime will tell how smart the move proves to be. If the stock market falls a lot he'll look smart. Also the market looks kind of overvalued. Buffett's a value guy - sell when overpriced, buy when cheap. https://www.currentmarketvaluation.com/ https://www.currentmarketvaluation.com/