Here's Why Warren Buffett Isn't Buying Many Stocks Right Now

Motley Fool2021-10-18

Warren Buffett likes to drink Cherry Coke. He enjoys playing the ukelele. He likes to play bridge. But guess what Buffett doesn't seem to like doing very much these days? Buying stocks. The legendary ...

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精彩评论

JeremyKok
2021-10-19
JeremyKok
Even if market dip now, it is not falling to it's fundamental value. just dip a bit and it's still overvalued. Buffet is waiting for the big dip where market falls to the point where it's value is below it's fundamental value.
- TASOGARE:
  Then we can start shorting?
- Wayneqq:
  Agree.. that would be considered a crash..
LST3
2021-10-19
LST3
Good
Huatahhuat
2021-10-19
Huatahhuat
Omg stress
HWChua1961
2021-10-18
HWChua1961
Well said price is what you pay n value is what u get it never hurts to get great stocks at good value
evey77
2021-10-18
evey77
Buffett’s portfolio and cash holdings are way higher than normal folks’, may make sense for him to hold his cash and wait for good buys at huge discount and purchased at large volumes. And his big moves can affect stock pricing. On the other hand, there could still be mispriced stocks that we minions can still buy at minuscule volumes.
- quiettt:
  His cash holding is too much, and his operation will affect us, but it has no reference value.
BoonHuat
2021-10-18
BoonHuat
Noted.
- MarcO:
  ok

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He enjoys playing the ukelele. He likes to play bridge. But guess what Buffett doesn't seem to like doing very much these days? Buying stocks.\nThe legendary ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/10/17/heres-why-warren-buffett-isnt-buying-many-stocks-r/\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IVV","symbol_name":"标普500指数ETF","start_time":0,"source_url":"https://www.fool.com/investing/2021/10/17/heres-why-warren-buffett-isnt-buying-many-stocks-r/","article_id":"2176421001","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2176421001","pubTimestamp":1634525538,"sourceInfo":{"source_id":"fool_stock","name":"Motley Fool"},"weMediaInfo":null,"summary":"And why you might want to copy the legendary investor's cautious approach.","collect":0,"end_time":0,"defaultTopTitle":"fool.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"161125":"标普500","513500":"标普500ETF","IVV":"标普500指数ETF","UPRO":"三倍做多标普500ETF","OEF":"标普100指数ETF-iShares","OEX":"标普100",".SPX":"S&P 500 Index","SH":"标普500反向ETF","BRK.A":"伯克希尔","SSO":"两倍做多标普500ETF","SPXU":"三倍做空标普500ETF","BRK.B":"伯克希尔B","SDS":"两倍做空标普500ETF"},"translate_title":"这就是为什么沃伦·巴菲特现在不买很多股票的原因","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"161125":0.9,"513500":0.9,".SPX":0.9,"BRK.A":0.9,"BRK.B":0.9,"ESmain":0.9,"IVV":0.9,"OEF":0.9,"OEX":0.9,"SDS":0.9,"SH":0.9,"SPXU":0.9,"SSO":0.9,"UPRO":0.9},"content_text":"Warren Buffett likes to drink Cherry Coke. He enjoys playing the ukelele. He likes to play bridge. But guess what Buffett doesn't seem to like doing very much these days? Buying stocks.\nThe legendary investor has become one of the wealthiest people in the world by buying and holding stocks for his beloved Berkshire Hathaway (NYSE:BRK.A) (NYSE:BRK.B). However, Buffett isn't buying many stocks right now. And there's one simple reason why.\nImage source: The Motley Fool.\nLots of cash, few new stocks\nThat reason definitely isn't that Buffett doesn't have enough cash at his disposal. Berkshire ended the second quarter with a cash stockpile (including cash, cash equivalents, and short-term investments) totaling $140.7 billion.\nHowever, in the second quarter of this year, Berkshire didn't use much of its cash buying stocks. Buffett added to Berkshire's stakes in only three companies: Aon, Kroger, and RH.\nSure, Berkshire also reported a brand-new position in Organon. However, that new stock in the conglomerate's portfolio was the result of Merck's spin-off of its women's health business.\nA value investor at heart\nBuffett's mentor was Benjamin Graham, the father of value investing. Over the years, Buffett has drifted away from a purist focus on stock valuations. However, it's probably fair to say that he's still a value investor at heart.\nWith that in mind, take a look at the following chart. It shows the cyclically adjusted price-to-earnings (CAPE) for the S&P 500 index over the last 60 years. The CAPE metric, popularized by Yale professor and author Robert Shiller, reflects the price of the S&P 500 divided by the average earnings over the previous 10 years adjusted for inflation.\nData source: Robert Shiller, Yale University. Chart by author.\nRight now, the S&P 500's valuation is at its second-highest level that Buffett has seen since he took over Berkshire Hathaway. The only time the CAPE for the index was higher was during the period leading up to and shortly after 2000.\nOf course, we all know what happened after the market valuation reached such a lofty level. Stocks plunged. It took seven years for the S&P to fully bounce back. (And then it nose-dived again with the financial crisis of 2008 and 2009.)\nI don't know for sure if Buffett is looking at a chart like the one shown above. However, you can bet your bottom dollar that he's closely watching the overall market valuation. And he knows that buying stocks when they're really expensive usually doesn't work out all that well.\nBe like Buffett?\nSome investors might dismiss the idea of following a similar strategy as Buffett. They could correctly point out that Berkshire's total return over the last 10 years has lagged well behind that of the S&P 500 index. And CAPE levels were higher during much of that period than they had been in a long time.\nHowever, my view is that Buffett's cautious approach makes sense right now. Stocks truly are trading at a premium that hasn't been seen in more than two decades. Historically, there's a compelling inverse correlation between the CAPE value of the S&P 500 and the returns over subsequent years.\nThe Oracle of Omaha is doing two things that other investors should seriously consider. First, he's built up a big cash stockpile. Second, he's still buying stocks but is much more judicious in doing so than in the past.\nNo, I don't think every investor needs to necessarily have as great a percentage in cash as Buffett does with Berkshire. Neither do I believe that the only stocks worthy of buying are those that Berkshire has bought. But the more frothy valuations become, the more cash investors should accumulate and the more selective they should be about using that cash to buy stocks.\nI don't like Cherry Coke. I can't play the ukelele. And I've never played bridge in my life. I do know, though, that Buffett didn't achieve his tremendous success by overpaying for stocks. Investors who take the same perspective as the multibillionaire in this regard will probably be better off over the long run than those who don't.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":850624970,"gmtCreate":1634598057837,"gmtModify":1634598063618,"author":{"id":"3567307840510045","authorId":"3567307840510045","name":"JeremyKok","avatar":"https://static.tigerbbs.com/01b03a485f83b6b2615fad8ac9b87bf4","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"Even if market dip now, it is not falling to it's fundamental value. just dip a bit and it's still overvalued. Buffet is waiting for the big dip where market falls to the point where it's value is below it's fundamental value.","listText":"Even if market dip now, it is not falling to it's fundamental value. just dip a bit and it's still overvalued. Buffet is waiting for the big dip where market falls to the point where it's value is below it's fundamental value.","text":"Even if market dip now, it is not falling to it's fundamental value. just dip a bit and it's still overvalued. Buffet is waiting for the big dip where market falls to the point where it's value is below it's fundamental value.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/850624970","repostId":2176421001,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6254516,"gmtCreate":1634652790717,"gmtModify":1634652790717,"authorId":3479274697856602,"author":{"id":3479274697856602,"authorId":3479274697856602,"name":"TASOGARE","avatar":"https://static.tigerbbs.com/97466ed7302f4d234e20dcb46931528d","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":850624970,"type":1,"supId":0,"prevId":0,"content":"Then we can start shorting?","text":"Then we can start shorting?","html":"Then we can start shorting?"},{"id":6246439,"gmtCreate":1634601977408,"gmtModify":1634601977408,"authorId":3574671931921507,"author":{"id":3574671931921507,"authorId":3574671931921507,"name":"Wayneqq","avatar":"https://static.tigerbbs.com/05d24be2c05653913e90f51e69cfe2a8","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":850624970,"type":1,"supId":0,"prevId":0,"content":"Agree.. that would be considered a crash..","text":"Agree.. that would be considered a crash..","html":"Agree.. that would be considered a crash.."}],"langContent":"CN"},{"id":850697607,"gmtCreate":1634592580567,"gmtModify":1634592581460,"author":{"id":"3576578158811365","authorId":"3576578158811365","name":"LST3","avatar":"https://static.tigerbbs.com/5ebefe56c7d81742050e1a8d5a94ef9a","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Good&nbsp;","listText":"Good&nbsp;","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/850697607","repostId":2176421001,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":850824573,"gmtCreate":1634573644809,"gmtModify":1634573645763,"author":{"id":"3574468375375928","authorId":"3574468375375928","name":"Huatahhuat","avatar":"https://static.tigerbbs.com/b8efd6c9f11aac008947d35cb725e0a3","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"Omg stress","listText":"Omg stress","text":"Omg stress","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/850824573","repostId":2176421001,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":850193796,"gmtCreate":1634563628384,"gmtModify":1634563628687,"author":{"id":"3576326749731922","authorId":"3576326749731922","name":"HWChua1961","avatar":"https://static.tigerbbs.com/c5727cfe181ab086ab906c710c081d8b","vip":1,"crmLevel":6,"crmLevelSwitch":0},"htmlText":"Well said price is what you pay n value is what u get it never hurts to get great stocks at good value&nbsp;","listText":"Well said price is what you pay n value is what u get it never hurts to get great stocks at good value&nbsp;","text":"Well said price is what you pay n value is what u get it never hurts to get great stocks at good value","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/850193796","repostId":2176421001,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":850101610,"gmtCreate":1634562609105,"gmtModify":1634562621778,"author":{"id":"3570619054429964","authorId":"3570619054429964","name":"evey77","avatar":"https://static.tigerbbs.com/8a042e238635d0f206ea5cc76045eb40","vip":1,"crmLevel":8,"crmLevelSwitch":0},"htmlText":"Buffett’s portfolio and cash holdings are way higher than normal folks’, may make sense for him to hold his cash and wait for good buys at huge discount and purchased at large&nbsp;volumes. And his big&nbsp;moves can affect stock pricing.&nbsp;On the other hand, there&nbsp;could still be mispriced stocks that we minions can still buy at minuscule volumes.","listText":"Buffett’s portfolio and cash holdings are way higher than normal folks’, may make sense for him to hold his cash and wait for good buys at huge discount and purchased at large&nbsp;volumes. And his big&nbsp;moves can affect stock pricing.&nbsp;On the other hand, there&nbsp;could still be mispriced stocks that we minions can still buy at minuscule volumes.","text":"Buffett’s portfolio and cash holdings are way higher than normal folks’, may make sense for him to hold his cash and wait for good buys at huge discount and purchased at large volumes. And his big moves can affect stock pricing. On the other hand, there could still be mispriced stocks that we minions can still buy at minuscule volumes.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/850101610","repostId":2176421001,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6242801,"gmtCreate":1634566846263,"gmtModify":1634566846263,"authorId":3479274784832471,"author":{"id":3479274784832471,"authorId":3479274784832471,"name":"quiettt","avatar":"https://static.laohu8.com/picture124","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":850101610,"type":1,"supId":0,"prevId":0,"content":"His cash holding is too much, and his operation will affect us, but it has no reference value.","text":"His cash holding is too much, and his operation will affect us, but it has no reference value.","html":"His cash holding is too much, and his operation will affect us, but it has no reference value."}],"langContent":"CN"},{"id":850329522,"gmtCreate":1634557351815,"gmtModify":1634557379025,"author":{"id":"3574549633778650","authorId":"3574549633778650","name":"BoonHuat","avatar":"https://static.tigerbbs.com/f64154b666040668c472fc3731becde7","vip":1,"crmLevel":6,"crmLevelSwitch":0},"htmlText":"Noted.","listText":"Noted.","text":"Noted.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/850329522","repostId":2176421001,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6241210,"gmtCreate":1634559134341,"gmtModify":1634632301892,"authorId":3579404034455974,"author":{"id":3579404034455974,"authorId":3579404034455974,"name":"MarcO","avatar":"https://static.tigerbbs.com/be5697566d0f1acd47a2c200cbfe60f0","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":850329522,"type":1,"supId":0,"prevId":0,"content":"ok","text":"ok","html":"ok"}],"langContent":"CN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":359,"commentSize":79,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2176421001"}