Warren Buffett’s Stock Strategy Signals Potential Market Shift
Warren Buffett's Berkshire Hathaway has been a net seller of equities for 11 consecutive quarters, liquidating major positions while allowing cash reserves to balloon to $344 billion. The absence of new purchases since mid-2018—breaking a multiyear pattern of quarterly acquisitions—reflects Buffett's disciplined approach to valuation rather than market timing.
"We try to price, rather than time, purchases," Buffett wrote in his 1994 shareholder letter. This philosophy now appears to be creating dry powder for potential investments as market conditions evolve. The Oracle of Omaha's recent activity suggests he may be waiting for assets to trade below intrinsic value before deploying capital.