Is Warren Buffett losing his faith in stocks?

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Warren-Buffett Nouvelles

Berkshire-Hathaway

Sage of Omaha has pulled back from shares in recent months

Berkshire Hathaway’s latest quarterly report shows its cash pile has risen from $276.9 billion to a record $325.2 billion.

Berkshire has sold most of its stake in Apple over the last year, reducing its position from $170 billion to $69.9 billion. Indeed, Buffett is increasingly hinting that Berkshire itself, up 26 per cent in 2024, is pricey: it didn’t buy back any of its own stock in the third quarter. In the second quarter, it repurchased just $345 million of stock. The contrast with previous years – repurchases topped $9.2 billion in 2023, $7.7 billion in 2022, and $27 billion in 2021 – is marked.

 

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