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Why is Warren Buffett STACKING HUGE CASH Right Now?
Warren Buffett’s Berkshire Hathaway has just had its annual meeting in Omaha, and in the legendary hours-long Q&A session, super investor Buffett answered questions about why he’s hoarding so much cash instead of buying stocks. Buffett also talked about selling some of Berkshire’s Apple stock.
Timestamps:
00:26 Goal: increasing operating earnings, decreasing shares outstanding
01:37 Losing Apple conviction?
03:19 Stocks are businesses
06:03 Buying wonderful businesses at fair prices
08:11 On building Berkshire’s huge cash position
10:10 Is the stock market expensive right now?
14:02 Buying…
The skinny
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