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Dollar Bear Buffett Thinks Stocks Are ‘Overpriced'?

May 03, 2005
10qk

Legendary investor Warren Buffett told shareholders in his Berkshire Hathaway company that the vast majority of stocks he examines are, in his opinion, overpriced.

As a result, Buffett, who has made himself the world's second most wealthy man by practicing his philosophy of 'value investing', is sitting on more than $40 billion in cash, quipping that at present, the firm has "got more money than brains."

"If the market gets cheaper, we'll have a lot more things we can do with our money," he told the gathering.

http://www.investorsoffshore.com/asp/story/storyinv.asp?storyname=19724

Rating: 5.0/5 (1 vote)

Comments

gurufocus
Gurufocus premium member - 9 years ago
His stock position is similar to his cash position, as shown in Guru Sentiment page.

Maybe I should make this page easier to use.

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