What Did You Buy Today?

[fenders53]

(05-02-2020, 07:49 AM)divmenow Wrote: So Warren Buffet bought nothing with all that cash in recent months. Interesting


Warren Buffett has been waiting years for stocks to look more attractive. He apparently didn’t think the first-quarter plunge was that opportunity.

The famed investor’s Berkshire Hathaway Inc. spent the quarter building its massive cash pile to a record $137 billion as the coronavirus slowdown started to grip the U.S. That was up almost $10 billion from the end of 2019, while Buffett spent just a net $3.5 billion buying shares of his and other companies.

The window was brief for a a big move, but I find it very odd he didn't do something a little more substantial.  I get it that even he has never seen anything like the virus in his investing career, but he knows his actions have been questioned.  They have lost a bit of their edge.  Almost like he is trying to "protect a lead".  I still love Uncle Warner buy he's lost his competitive edge.  He probably thought the market had another 10% like many of us, but that would be market timing which he has preached against his entire life.