From Nasdaq: 2024-05-13 04:41:00

Berkshire Hathaway’s annual shareholder meeting sees 40,000 investors flock to Omaha to hear Warren Buffett speak about investing philosophy and market trends. Despite positive tone at meetings, Berkshire has been net-seller of stocks for 6 consecutive quarters, with $56 billion in sales since Oct 2022. Apple stake reduction attributed to tax reasons.

Cash pile at Berkshire swells to $189 billion, increasing from $167.6 billion in 2023. Buffett hints at hitting $200 billion in cash reserves. Despite traditionally positive outlook at annual meetings, Buffett not finding value in current market. S&P 500 Shiller P/E ratio at 33.95, signaling historically high valuation.

Buffett’s company historically thrives in periods of economic uncertainty. Berkshire played key role in rebuilding confidence in Bank of America stock during 2011 debt-ceiling crisis. Buffett’s strategy focuses on long-term growth despite short-term instability. Stock market currently in new bull market, up 20% from October 2022 low.

Bespoke Investment Group data shows average S&P 500 bear market lasts 286 days, while bull markets last 1,011 days since Great Depression. Buffett believes in U.S. economy and stock market despite short-term market fluctuations. 10 best stocks identified by Stock Advisor analyst team, with Berkshire not included. Stock Advisor service has quadrupled S&P 500 return since 2002.



Read more at Nasdaq: Warren Buffett’s $189 Billion Subtle Warning to Wall Street Shouldn’t Be Ignored