Warren Buffett has been sitting on 300+Bn$ cash since 2024.
In Jan 2024: QQQ was at 400$
Now it is 634$
Total gains lost: 58.5%
Warren Buffett is an investing genius. And, he is right in sitting on cash for his multi-billion$ portfolio. He is the business of buying distressed deals. Not "retail investing"
For example: after 2008 crisis, he bought:-
(1) Goldman Sachs: $5 billion in preferred stock, warrants for $5 billion in common shares, 10% annual dividend.
(2) General Electric: $3 billion in preferred stock, 10% annual dividend, stock warrants.
(3) Dow Chemical (for Rohm & Haas acquisition): $3 billion.
(4) Wrigley (Mars acquisition financing): $6.5 billion in bonds and preferred stock.
(5) He made roughly 100-150% returns on each of these deals.
Basically he is a liquidity provider. Not a retail investor.
It is funny to see: retail people with 100K trying to copy him.
Yes, please go ahead. Wait some more. When the next crisis hits, I will wait for you to open your cheque-book trying to buy 10% Google.
I ❤️ going out 4 dinner with paa, 2 hours of complete silence I can eat like an animal at the bougiest places AND I can go out in my gharke shorts and ice cream stained white tshirt
Engineers have taken us to the moon & doctors can't figure out how much protein humans need. Clowniest profession oat. Give engineers keys to AIIMS New Delhi & hundred rats & they will solve cancer by month end.