Remain Calm: Buffett Goes To Cash
Regular readers know I have a hard time feigning interest in what Warren Buffett's doing over at the world's largest hedge fund.
What's going on at Berkshire is more or less irrelevant unless Warren's buying or selling something you own. In Q2, he sold something damn near everybody owns in one way or another, whether as a single-stock holding in a brokerage account, through an index product in a retirement fund or via the phone in your hand, the smart watch on your wrist or the laptop you just
It could be he wants some extra cash and apple is his biggest position. Or he just decided to adjust his apple Holdings because the position was too big. Your comments make sense.
Brilliant headline!! Got a chuckle on this end.
Also found it interesting that Wedbush rushed a “don’t panic” promotional piece (as all of their notes seem to be) out over the weekend as well.
Can you imagine someone selling — you know — 50 of their 100 Apple shares on this logic. Like, “Well, Buffett trimmed his $170 billion to $85 billion, so that must mean I need to manage my ‘stake’ down to $11k or so.”