Is Warren Buffett Buying Stocks Right Now? Here's What He Just Said.
Many investors pay close attention to whatever Warren Buffett says. The billionaire's conglomerate, Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B), has outperformed the market by a wide margin since he took it over in 1965, and he shares advice freely with his shareholders and followers.Lately, it's more his actions that people have been focused on. Berkshire Hathaway has been a net seller of stocks for the past nine quarters, and its cash stockpile has grown to more than $344 billion -- its highest level ever. For a company that regularly buys stocks and occasionally entire companies, that's a lot of cash to have on hand, and everyone from financial industry insiders to armchair analysts has been speculating about why Buffett and his team are holding onto so much.One thing that Buffett's followers know is that he doesn't like to overpay for his stocks. With the market down so far this year, are stocks cheap enough for him -- and you -- to buy right now? Here's what he just said.Continue reading
Many investors pay close attention to whatever Warren Buffett says. The billionaire's conglomerate, Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B), has outperformed the market by a wide margin since he took it over in 1965, and he shares advice freely with his shareholders and followers.
Lately, it's more his actions that people have been focused on. Berkshire Hathaway has been a net seller of stocks for the past nine quarters, and its cash stockpile has grown to more than $344 billion -- its highest level ever. For a company that regularly buys stocks and occasionally entire companies, that's a lot of cash to have on hand, and everyone from financial industry insiders to armchair analysts has been speculating about why Buffett and his team are holding onto so much.
One thing that Buffett's followers know is that he doesn't like to overpay for his stocks. With the market down so far this year, are stocks cheap enough for him -- and you -- to buy right now? Here's what he just said.
