Warren Buffett’s Berkshire Hathaway is sitting on a record cash pile and has paused its stock buybacks. For someone known for buying undervalued assets, this silence can speak volumes. Despite being famous for finding value investments, Buffett’s Berkshire Hathaway is sitting on record levels of cash and has discontinued Berkshire’s company share buyback program in Q3 2024.
@elliottwaveintl’s Robert Prechter noted in his May Theorist:
“One famous investor is going the opposite route of institutions, corporations and the public. Warren Buffett has been raising cash at an unprecedented rate. His cash hoard is so big, he could buy up all shares of 476 companies in the S&P 500 at present prices…”
The Oracle of Omaha may be quietly warning — the market is richly priced.
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