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2017-01-07

  • AlbertaSunwapta commented on James Li's article 01-07 11:06
    Warren Buffett Rings in New Year Bullish on Stocks
    As of Jan. 3, the U.S. stock market is significantly overvalued with a Wilshire 5000 index / gross domestic product ratio of 126.4%. Based on this...
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    AlbertaSunwapta 01-07 11:06
    • SeaBud s few posts up makes a good point.  Something to remember is the fact that going into the financial crisis Buffett was mostly in cash and short term FI. In a letter at the time he stated that he could invest $600 million out of his personal account.  Concurrently at that time BRK had a lot of cash but still had a lot of equity positions as well. Recently Buffett has stated they are buying stocks. That doesn't mean he is bullish on equities in general. The fact that BRK is building cash faster than Buffett can deploy it may indicate s lack of good value or a lack of good sustainable companies selling at value.

      Bottom line though is that people have to differentiate the personal Buffett from the fiduciary Buffett. 
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