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We can imagine what will should happen, but Warren Buffett also stay away from the stock market

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Buffett, a billionaire investing guru nicknamed the Oracle of Omaha, wasn't tempted by US stocks that surged to all-time highs in late June. Instead, his conglomerate sold $1 billion more of stock than it bought last quarter, marking its largest net sale since the end of 2017, according to Bloomberg. It also bought back $400 million worth of shares, down from $1.7 billion in the first quarter.
Berkshire Hathaway's cash pile has also swelled in the absence of a major acquisition in years.

"We hope to move much of our excess liquidity into businesses that Berkshire will permanently own," Buffett wrote in his latest letter to shareholders. "The immediate prospects for that, however, are not good: Prices are sky-high for businesses possessing decent long-term prospects."
That "disappointing reality" means Berkshire Hathaway will likely spend this year buying shares, he wrote, adding that he remains keen to make an "elephant-sized acquisition."

Source: BI


 Trader Georgi Bozhidarov

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