Berkshire Hathaway, led by Warren Buffett, continues to sell more stocks than buy, with a record $381.6 billion in cash. The company also did not repurchase its own stock for the fifth consecutive quarter. Despite strong Q3 results, Buffett remains cautious on the market, signaling potential overvaluation.

Buffett’s cautious approach includes avoiding stock purchases and share buybacks. Berkshire’s Q3 operating profit rose 34%, with strong results in underwriting and operating businesses. With Greg Abel set to take over investing duties, Berkshire’s massive cash reserves may lead to strategic investments during market pullbacks.

While Berkshire had a strong quarter, Buffett’s reluctance to buy stock, including Berkshire’s own, suggests market overvaluation. Investors may opt for dollar-cost averaging with ETFs instead of timing the market. The Motley Fool’s Stock Advisor team highlights 10 promising stocks, excluding Berkshire, for potential high returns.

Read more at Nasdaq: As Cash Continues to Pile Up, Should Investors Buy Berkshire Hathaway Stock or Stay Away?