But then why does Berkshire have so much cash? Doesn't that mean the market is going to crash.
Again, that's what the journalists want to write about. They think it's going to attract readers, no matter how much it hurts them. It's also exactly what the permabears want you to believe.
But nope.
Once again, Warren's high cash levels are historically great buying opportunities.
The last time Berkshire had this high percentage cash in its portfolio, the stock market immediately went on to have the greatest 52-weeks in American history. The time before that, the bull market in stocks lasted for 3 more years. The lowest percentage cash he's had at any time over the past decade is right when the S&P500 peaked at the end of 2021.
You're welcome to sell all your stocks. But I would encourage you to have better reasons to do that than a made up indicator that Uncle Warren doesn't even care about. His cash levels are a poor excuse for selling stocks as well, they have been for several quarters now...
I'll tell you when it's time to be running to cash. And it certainly hasn't been over the past couple of years. Any dip has been an opportunity to buy. One day that will change. And I'll be right here talking about it.
The timing of that bearish approach and the trades we'll be putting on to profit from such a decline will be LIVE on our Rangefinder App available for all Premium Members of ASC Research.
For this holiday season I'm offering $500 savings on a new annual membership.
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Let's get after it.
- JC
