21/08/17

Buffett Sees Market Crash Coming: His Cash Speaks Louder Than Words



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Buffett Sees Market Crash Coming: His Cash Speaks Louder Than Words
// Zero Hedge

Buffett Sees Market Crash Coming: His Cash Speaks Louder Than Words

The Sage of Omaha's adage is "it's far better to buy a wonderful company at a fair price than a fair company at a wonderful price."


Editor: Mark O'Byrne

But for Warren Buffett the current environment doesn't appear to be offering up any wonderful companies at fair valuations. The situation is so bad that the cash stockpile of Berkshire Hathaway has more than doubled in the last four years, from under $40 billion to $100bn.

The infamous investor is famed for his investment approach of pouncing on companies when they run in to problems and are seemingly undervalued. At the moment though, there aren't many out there.

The large stockpile is a ....

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