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> "Be fearful when everyone is greedy." I’ve cashed out of U.S. stocks, and I think it's wise thing to do when craze is at its peak. The man who said the thing
by dghlsakjg 1y ago
> "Be fearful when everyone is greedy." I’ve cashed out of U.S. stocks, and I think it's wise thing to do when craze is at its peak.
The man who said the thing you are quoting also repeatedly advised never to bet against America, and to never try to time the market...
- tim333 1y agoAlthough Buffett's company is currently holding about $348bn in cash and equivalents. He also has ~$300bn in stocks so a little over 50% cashed out. I think he'd say he's more into pricing things than timing - he probably thinks the market is expensive.