Warren Buffett focuses on U.S. Treasury bills over stocks, possibly anticipating a market pullback.
From Nasdaq: 2024-09-24 05:00:00
Warren Buffett has helped Berkshire Hathaway amass a $315 billion equities portfolio with top positions in Apple, American Express, and Bank of America. However, Buffett is more bullish on short-term U.S. Treasury bills, totaling $235 billion, signaling a move to safety amid market highs and slowing stock repurchases.
Buffett and Berkshire may be anticipating a market pullback, as evidenced by their massive Treasury bill holdings, surpassing even the Federal Reserve’s. The recent Fed rate cut could impact their strategy, potentially leading to notable moves in the third quarter. Despite market timing challenges, long-term investments remain viable options for investors.
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Read more at Nasdaq: Warren Buffett Owns More of This Asset Than Apple, Bank of America, and American Express Combined