Uncle Warren Still Building Cash & NO Stock Buyback

Investment Analysis Clubs Macro Economic Trends and Risks
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https://www.marketwatch.com/story/buffett-keeps-selling-stocks-and-more-takeaways-from-berkshire-hathaway-earnings-b208436b?mod=home_lead#_=_
Berkshire Hathaway eschewed stock buybacks once again in the third quarter, while growing its cash pile further and driving improvements to its insurance business.

Berkshire’s cash, equivalents and short-term investments in Treasuries exceeded $381 billion in the third quarter, up from about $344 billion in the second quarter.

Buffett declined to buy back Berkshire shares in the third quarter, making for the fifth-straight quarter of that trend.

It seems that Buffett views stock as well as Bershire-Hathaway as overpriced.
He is happy sitting on cash until the bubble bursts.

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I love it the rare moments when I find out that Warren B is doing what I am doing….

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The last known book value was 1.54 IIRC, which is above his repurchase limit.

BRK has mirrored the S&P 500’s performance pretty closely over the last 15-20 years or so. It is clear the years of outperformance are long gone. However, the large cash horde suggests BRK is safer and more conservative than the broader market, but with similar performance.

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