Buffett was right last time he made this surprise move

May 8th, 2024 Hello , Buffett must see something ugly coming. The legendary investor is cashing up big time. Berkshire Hathaway (BRK) made headlines recently with its sale of Apple (AAPL) shares. Berkshire sold more than 100 million Apple shares for an estimated $40 billion. But this sale was just a fraction of the cash hoard building at Berkshire. This chart shows Berkshire’s record cash position: Berkshire sitting on this much cash is a concern for investors for three direct reasons. 1) Stocks are expensive - if one of history’s greatest value investors can’t find any values… 2) Risks are outweighing rewards - any investment must be able to beat the 4.5% 10-Year T-bonds are paying. 3) Buying opportunities are coming - they can wait years for the great times to buy and they are doing it now. All of this is a bit worrying, but it’s not the end of the world. There will be opportunity in any market. But it won’t be easy. Frankly, it won’t be getting easier with the worsening economic backdrop. We laid out a “Roadmap to Recession” and we’re still on it. [Click here to see where we are on the “Roadmap to Recession” before we hit the next stop.]( [READ MORE]( SPONSORED: [Top Hedge Fund Makes $1.7 BILLION Gold Investment]( It’s not in bullion, mining stocks, or any “traditional” gold plays though. It’s something that has done far better than all of them over time. [Click here to check it out before gold’s next leg up.]( Dynamic Wealth Research 2010 West Avenue K #623 Lancaster, California 93536 © 2024 | All rights reserved. [Unsubscribe](. [Twitter] [Facebook] [Instagram]