If I had a $280 Billion Cash Pile I'd have more than Warren Buffett 'cause I'd do a bit of window cleaning on the side.
@dadtablet2092
3 күн бұрын
Mr. Buffet does window shopping.
@thetjt
4 күн бұрын
This was imo rather reasonable & balanced analysis. Not really anything I disagreed with. One thing was missing though - why exactly did Berkshire have so much cash in 2005?
@caparn100
2 күн бұрын
Warren Buffett has stated that he's holding a large amount of cash because he doesn't see any stocks that are attractive enough to invest in. He usually prefers not to hold cash.
@andypicken7848
4 күн бұрын
If the old man stays alive (and I pray he will) he is going to clean up again, everybody knows it, he has proved himself correct more times over the last 50 years that I can remember
@PhillCurtis
4 күн бұрын
I can't help but feel the UK stock market is a value trap? Would you agree ramin
@mathewwilson9776
4 күн бұрын
The Shiller PE ratio for the S&P500 is 36. There is not one example in history (in any geography) of an index that returned anything meaningful over 10-15 years from such multiples. Apple in particular trades at 34x earnings, it barely grows and distributes all of its profit through buybacks, which at such absurd multiples represent an under 3% yield. Hence the question is not so much why Buffett is selling, but rather why on earth is there anybody buying or holding it.
@mathewwilson9776
4 күн бұрын
If Apple's multiple contracts from 34x to 20x over the next 10 years (because the overall market sentiment deteriorates, because investors lose confidence the company's ability to grow further..., you name it), that is a -5% CAGR, which would offset the 2.7% buyback and inflation. So your return would boil down to whatever excess growth the business can produce, which over the past few years has been none. So why bother?
@sender5804
4 күн бұрын
"why on earth is there anybody buying or holding it" S&P500 is up 18% YTD
@mathewwilson9776
4 күн бұрын
@@sender5804 XYZ is up is not a rationale, or a strategy, or anything. Buffett doesn't even mention stock performance in his letters. He only focuses on and reports operating earnings from his wholly owned businesses plus the dividends from the stock portfolio: that's it. When Buffet looks at Apple, he sees marginal growth, an under 3% yield from repurchases at idiotik multiples and masisve valuation risk, so he sells. Very simple.
@piotrjasielski
4 күн бұрын
@@sender5804 Ah right, so it will go infinitely to the moon and beyond. Yield curve is wrong, this time is different.
@sender5804
4 күн бұрын
@@piotrjasielski "this time its different" just look at the last 100 years if YTD is not good enough for you 🤣
@itrymariti
4 күн бұрын
How do you always know exactly the video we want to watch :D
@garykennedymegargy
3 күн бұрын
In the Saxo advert you say that Saxo has no platform or custody fees. Can you explain that further, because when I go to the Saxo site I see a custody fee of 0.12%.
@seanhibbeler
4 күн бұрын
Invest in Bitcoin before retiring by diversifying across assets, allocating a small portion of your portfolio, staying updated on market trends, and considering long-term holding to balance risk and growth.
@faraj3159
4 күн бұрын
He just misses Charlie and cant pull the trigger - I imagine its not the same when you loose a life-long investment partner at that stage of life.
@coderider3022
4 күн бұрын
Good call, imagine there is some succession plan which takes them both out of day to day. Like Vito Corleone in a consigliere role to his rising stars and/or family. Good MHR topic right there ! How active funds end.
@stevegreenall9205
4 күн бұрын
Interesting point
@aightm8
4 күн бұрын
No, it's because he can get 5% on his cash. At a time when valuations are at nosebleed prices
@lifelessordinaryxyz
4 күн бұрын
Hi you mention keeping 10% in money market equivalent funds (dry powder). And previously mentioned 5% for fun/temptation. Is it safe to assume the other 85% is in developed World indexed equity tracker or are there any other apportions not mentioned above in your total investment process. Cheers
@johnnyworzel3741
4 күн бұрын
I’m 100% in the money markets. Could be wrong, don’t care. I sleep well.
@laarm888
3 күн бұрын
You are wrong and it shouldn’t make you sleep well.
@philthomas7140
2 күн бұрын
Actually I agree. 5% is nothing to sneeze at.
@laarm888
2 күн бұрын
@@philthomas7140 without even going into why 5% is extremely poor in the current environment I was responding more to do with money markets being considered a safe haven for your money. They aren’t - see 2008.
@richardpaul1678
2 күн бұрын
Berkshire’s Apple holding reached 22% of its assets, which is substantially overweight. It is normal for them to normalise this to a degree over time.
@NewPoet-r4e
4 күн бұрын
Do Markel next please.
@sender5804
4 күн бұрын
Saxo is very expensive if you trade options, left them
@gertrudes666
3 күн бұрын
BH has been essentially a 50% apple 50% boomer value stocks investment over the past 15 years. It's been a very concentrated portfolio, which has delivered because the bet on Apple was spot on. WB and BH are waiting for a similar opportunity.
@peterellwood2103
4 күн бұрын
10% dry powder, that’s just another name for timing the market!!
@sasif89
Күн бұрын
The irony is his whole book is about never to try time the market... while he is sitting with cash trying to time the market.
@tedstriker6743
14 сағат бұрын
He’s been buying SIRI hand over fist
@rajeshraut6447
4 күн бұрын
How much of that cash pile is stashed in 2-yr t-notes, driving down the yields and uninverting the yield curve?
@toneloc-cz2xi
4 күн бұрын
Buffet is a regime insider so may know what's in the pipeline
@fellafella1000
4 күн бұрын
US reits when interest rates are low
@nchobson
4 күн бұрын
The S and P seems very expensive at the moment. If the US goes into recession I can see shares getting a lot cheaper in years to come, at the moment I'm not putting any money into the market I'm just going to wait and see.
@antonystringfellow5152
4 күн бұрын
That's a big "if" and share prices usually fall ahead of a recession and start to recover during a recession, not after. If there is a recession soon, it's unlikely to last years (probably about 1 year) and any recovery will start before it's over - the market is always forward-looking.
@xman7695
4 күн бұрын
Could have said that in 2023. Wouldn't have aged well.
@jabberwockytdi8901
3 күн бұрын
Thing is you're not going to clean up with just 10% "dry powder". But go too high with your dry powder and you'll look the fool when there is no crash, so if you want to hedge for a recession the dry powder % has to be some where in between, only question is where.....
@banksfit5302
3 күн бұрын
Depends on your own analysis of the market & your vision of short, moderate and long term. I feel we have a 70% chance that the markets will correct 25%+ in next 6-12 months and I believe there is a 10% chance the market will grow 10%+ in next 6-12 months. So for me the upswing of not deploying £100 is potentially a 25% return 70% of the time The potentially for losing £10+ on a £100 investment 90% of time in next 6months Now in the long term just invest in a global eft - the world will grow. But right now I'm keeping 30% off the table personally. No one knows really. It's just about taking risks with analysis to make asymmetrical bets that win more than lose.
@menace_trades
4 күн бұрын
I left a massive comment from before and it disappeared… hmmm
@fellafella1000
4 күн бұрын
I won't be trading on saxo , far too risky
@LNS-WeBinIndia
3 күн бұрын
Thank you very much for your insights and views that you share. Albeit I am not from the UK, but the U.S. I find your channel balanced, insightful and quite helpful. In part, I made my decision to retire abroad the 1st of this month due to information you shared in the past and reference your channel frequently. Thank you for taking the time and considerable effort to keep us informed with your channel.
@Pensioncraft
2 күн бұрын
Thanks and welcome @LNS-WeBinIndia
@jabberwockytdi8901
3 күн бұрын
He could easily afford a venture capitalist sideline, pick a few mid caps he thinks could be the next apple , take a big share or even private and ensure they have the funds and expertise to develop, he only need's to be right on one for BH to clean up.
@UziGameGP
4 күн бұрын
Very simple, charlie gone and buffet knows his time is near. He's gonna pile cash and let the knew berkshire decide what to do.
@dadtablet2092
3 күн бұрын
Money is meant to be used , circulated...not put in a room to be stared at. Yawn.
@SaadonAksah
3 күн бұрын
Awesome! Time to pick up the cue!
@Pensioncraft
2 күн бұрын
Enjoy @SaadonAksah
@TynOng
4 күн бұрын
Is it cash in bank or money market funds?
@coderider3022
4 күн бұрын
Treasuries i think ?
@rightangletriangle3188
4 күн бұрын
In the 10K report, it's mostly in 3 or 6-month treasuries.
@mxmus08
3 күн бұрын
I was just looking at Vanguard’s new Sterling Short Term MMF (VASTMGA) today. 🤔
@johndoh539
3 күн бұрын
Or vasstai if you want the income (5.27%)
@Abdul_Rahman86
3 күн бұрын
A good strategy would be to just invest into Berkshire. Let warren jump in and out of the market for you to mitigate market volatility. Me personally I’ll just dollar cost average into a globally diversified market weighted index fund. I let the best companies win
@pattyclifford264
Күн бұрын
Wealth of the wicked is layed up for me they shall gather it up but I shall put it on he that by usery and Unjust gain increaset his substance he shall gather it up for me because I pity the poor they work
@benking9593
4 күн бұрын
Why on earth does a 94 year old man need so much money?
@Petersworld77
4 күн бұрын
And where will it go when he snuffs it?
@robertingram9404
4 күн бұрын
@@Petersworld77he’s committed to donating 99% to charity, the rest to his wife of course
@adrianpaulwynne
4 күн бұрын
he doesn't. investing is his passion and interest
@toneloc-cz2xi
4 күн бұрын
@@robertingram9404 In his daughter's 'charitable' trust to avoid inheritance tax to be exact : )
@somekindaguy100
3 күн бұрын
@@adrianpaulwynneexactly it is a part of what keeps him alive and wants to get out of bed each day .....passion .And I strongly believe someone or some groups will benefit greatly when the time comes
@tombox2759
4 күн бұрын
He knows based on debt to gdp that financial repression is on the way...negative real interest rates and gold confiscation. We are at a diminishing return for printing paper money from thin air...
@BLTchemistry
4 күн бұрын
The US markets are very skittish, but Berkshire is more like owning a stable bond than an equity. Nobody has more firepower to buy the next crash. I've been avoiding exposure to the US, with the exception of Berkshire and Palantir
@RetroShotv1
4 күн бұрын
The only reason capital gains tax feels like it needs to be increased is because these billionaires are not redistributing their wealth on their own terms. This guy could have improved millions of peoples lives by redistributing to the poorest people world wide or even within the US. He has however chosen to continue to amass more and more wealth. And this is what has caused governments to need to tax these to reduce wealth inequality.
@andypicken7848
4 күн бұрын
RetroShotv1 Warren is a rare person indeed in that he delivers. People trust him with their saving and rightly so he is enriching them.
@lifelessordinaryxyz
4 күн бұрын
Exactly - nothing stopping you buying a piece of the action - BRK-B - also rarer he’s not leaving virtually any of it to his kids and it will be re-distributed when he dies.
@lifelessordinaryxyz
4 күн бұрын
raising cap gains tax has un predictable consequences as people affected may just chose to wait until the rate is more favourable thus delaying or nullifying any anticipated uptick in revenues.
@Caldwell-c1n
3 күн бұрын
It was stupid of me to sell $96,000 worth of NVDA stocks without reinvesting. (Buying bonds or CDs is not for me). I’d rather stay 100% cash, or are there any other investments that can 10x in 6 months? I have 200k ready to be reinvested
@Katherine-o2r
3 күн бұрын
Use an index like the sp500 if you have no knowledge of the markets. Take a long-term look at dollar cost averaging, or even better, think about financial advising
@waynehornberger9825
2 күн бұрын
Wealth of the wicked is layed up for me they shall gather it up but I shall put it on he that by usery and Unjust gain increaset his substance he shall gather it up for me because I pity the poor they work
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