Under the spotlight are more than $17 billion in shares in net terms last quarter, its largest sale in years.
Warren Buffett
Paul Dietrichchief investment strategist at B. Riley Wealth Management, analyzed the conglomerate’s latest movements Berkshire Hathaway, of Warren Buffett that put investors on alert. Under the spotlight there is more than $17 billion in shares on a net basis last quarter, its largest sale in years.
“He is selling shares in one of the most overvalued stock markets in history and once there is a serious correction or recession, I am sure that, as he always does, he will begin to redistribute those assets back into the market at much lower prices “, he claimed.
Dietrich told Business Insider that he has been a Berkshire investor for more than 30 years and most of his client portfolios contain Berkshire stock. She has also read all of Buffett’s annual reports and many articles and books about him.
It is known that in times of crisis, Buffett is an advocate of taking refuge in cash, both to reduce risk exposure and to be “liquid” if an attractive alternative arises.
Dietrich stressed that as a value investor, Buffett values undervalued assets and avoids expensive ones. “He’s doing what he always tells other investors to do,” he says. “It’s the advice your grandmother gave you when you were little: ‘Buy low and sell high.'”
Dietrich recalls that several of the world’s richest investors, including Amazon’s Jeff Bezos, JPMorgan’s Jamie Dimon, Meta’s Mark Zuckerberg and the heirs to the Walmart fortune, have sold shares in their companies in recent months, indicating who believe it is a good time to withdraw cash.
Source: Ambito
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