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Buffett’s Cash Surge Amid Market Overvaluation | Durham News
Warren Buffett’s Berkshire Hathaway is cashing out of the stock market, selling $187 billion more in equities than it’s bought over the past three years, while its cash reserves have nearly quadrupled to $397 billion—more than a third of the company’s value. With Buffett’s own valuation gauge, the Buffett Indicator, hitting a record high and the Shiller P/E ratio near its second-highest level in 150 years, the billionaire investor and his new CEO Greg Abel are staying put, refusing to chase deals in what they see as an overpriced market—even restarting a tiny share buyback program. Listen in…
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