Here's Why Warren Buffett Isn't Buying Many Stocks Right Now_老虎社区_美港股上老虎

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 ...

网页链接

免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

359

JeremyKok
·2021-10-19
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.
回复
2
举报
收起
- TASOGARE:
  Then we can start shorting?
  2021-10-19
  回复
  举报
- Wayneqq:
  Agree.. that would be considered a crash..
  2021-10-19
  回复
  举报
LST3
·2021-10-19
Good
回复
4
举报
Huatahhuat
·2021-10-19
Omg stress
回复
2
举报
HWChua1961
·2021-10-18
Well said price is what you pay n value is what u get it never hurts to get great stocks at good value
回复
2
举报
evey77
·2021-10-18
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.
回复
4
举报
收起
- quiettt:
  His cash holding is too much, and his operation will affect us, but it has no reference value.
  2021-10-18
  回复
  举报
BoonHuat
·2021-10-18
Noted.
回复
4
举报
收起
- MarcO:
  ok
  2021-10-18
  回复
  举报
MHh
·2021-10-18
He’s waiting for the dip when the Fed tapers? A truly value investor at heart
回复
11
举报
收起
- HuatSS:
  Agree waiting for his news
  2021-10-18
  回复
  举报
- MHh:
  Great strategy! Copy the master![Smile]
  2021-10-18
  回复
  举报
sheenayam
·2021-10-18
He is always wise in taking action at the right time and not in hurry to buy.
回复
4
举报
收起
- 12330aa5:
  yes, control emotion while dealing with investment is important.
  2021-10-18
  回复
  举报
Judes
·2021-10-18
Yes valuations have reached lofty levels…..be cautious and be nimble. Know when to bail !
回复
4
举报
james_l
·2021-10-18
Good advice
回复
3
举报
收起
- AndrewL:
  👍
  2021-10-18
  回复
  举报
lynlion
·2021-10-18
Agree
回复
3
举报
AxelOng
·2021-10-18
Agree
回复
3
举报
Val準凖
·2021-10-18
My share not in the list…😭😭😭
回复
2
举报
Aoyjai
·2021-10-18
I will buy crypto and hold some cash… money printing slowing down soon
回复
6
举报
HENRYCSC
·2021-10-18
Ok
回复
1
举报
Shishir
·2021-10-18
Good
回复
3
举报
ZJ0429
·2021-10-18
ok
回复
4
举报
LplMichelle
·2021-10-18
Please comment and like
回复
5
举报
收起
- JPTL:
  ok
  2021-10-18
  回复
  举报
- Shishir:
  done
  2021-10-18
  回复
  举报
- JeremyKok:
  hi. please like and comment back. thank you.
  2021-10-19
  回复
  举报
dandan_4896
·2021-10-18
Sot
回复
6
举报
收起
- LplMichelle:
  ok
  2021-10-18
  回复
  举报
Sonson89
·2021-10-18
Ok
回复
7
举报
收起
- WarSlasher:
  ok
  2021-10-20
  回复
  举报
- Zko:
  ok
  2021-10-18
  回复
  举报

热议股票

7x24

全部

关于我们·老虎社区守则·老虎社区账号管理规范·老虎社区服务协议·老虎社区隐私政策

公司名称：北京至简风宜信息技术有限公司

违法和不良信息投诉：010-5681-3562（工作时间9:30-18:30）

邮箱：service@laohu8.com

营业执照：91110105MA01A4U55R

ICP备：京ICP备18016422号

网安备：京公网安备11010502036490

关注我们

{"i18n":{"language":"zh_CN"},"data":{"share":"https://www.laohu8.com/m/news/2176421001?lang=zh_CN&edition=full","thumbnail":"","is_english":true,"pubTime":"2021-10-18 10:52","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2176421001","market":"us","top_or_hot":-1,"title":"Here's Why Warren Buffett Isn't Buying Many Stocks Right Now","media":"Motley Fool","content":"<div>\n<p>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 ...</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","source":"fool_stock","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Here's Why Warren Buffett Isn't Buying Many Stocks Right Now</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHere's Why Warren Buffett Isn't Buying Many Stocks Right Now\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-10-18 10:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/10/17/heres-why-warren-buffett-isnt-buying-many-stocks-r/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>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 ...</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":null,"symbol_name":null,"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":{},"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":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","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,"authorIdStr":"3567307840510045","idStr":"3567307840510045"},"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,"repost":{"id":"2176421001","pubTimestamp":1634525538,"share":"https://www.laohu8.com/m/news/2176421001?lang=&edition=full","pubTime":"2021-10-18 10:52","market":"us","language":"en","title":"Here's Why Warren Buffett Isn't Buying Many Stocks Right Now","url":"https://stock-news.laohu8.com/highlight/detail?id=2176421001","media":"Motley Fool","summary":"And why you might want to copy the legendary investor's cautious approach.","content":"<p>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.</p>\n<p>The legendary investor has become one of the wealthiest people in the world by buying and holding stocks for his beloved <b>Berkshire Hathaway</b> (NYSE:BRK.A) (NYSE:BRK.B). However, Buffett isn't buying many stocks right now. And there's one simple reason why.</p>\n<p class=\"t-img-caption\"><img src=\"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F646095%2Fwarren-buffett-tmf.jpg&amp;w=700&amp;op=resize\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"><span>Image source: The Motley Fool.</span></p>\n<h2>Lots of cash, few new stocks</h2>\n<p>That 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.</p>\n<p>However, 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: <b>Aon</b>, <b>Kroger</b>, and&nbsp;<b>RH</b>.</p>\n<p>Sure, Berkshire also reported a brand-new position in <b>Organon</b>. However, that new stock in the conglomerate's portfolio was the result of <b>Merck</b>'s&nbsp;spin-off of its women's health business.</p>\n<h2>A value investor at heart</h2>\n<p>Buffett'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.</p>\n<p>With that in mind, take a look at the following chart. It shows the cyclically adjusted price-to-earnings (CAPE) for the S&amp;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&amp;P 500 divided by the average earnings over the previous 10 years adjusted for inflation.</p>\n<p class=\"t-img-caption\"><img src=\"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F646095%2Fsp-500-cyclically-adjusted-price-to-earnings-cape.png&amp;w=700&amp;op=resize\" tg-width=\"700\" tg-height=\"432\" width=\"100%\" height=\"auto\"><span>Data source: Robert Shiller, Yale University. Chart by author.</span></p>\n<p>Right now, the S&amp;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.</p>\n<p>Of course, we all know what happened after the market valuation reached such a lofty level. Stocks plunged. It took seven years for the S&amp;P to fully bounce back. (And then it nose-dived again with the financial crisis of 2008 and 2009.)</p>\n<p>I 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.</p>\n<h2>Be like Buffett?</h2>\n<p>Some 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&amp;P 500 index. And CAPE levels were higher during much of that period than they had been in a long time.</p>\n<p>However, 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&amp;P 500 and the returns over subsequent years.</p>\n<p>The 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.</p>\n<p>No, 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.</p>\n<p>I 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.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Here's Why Warren Buffett Isn't Buying Many Stocks Right Now</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHere's Why Warren Buffett Isn't Buying Many Stocks Right Now\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-10-18 10:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/10/17/heres-why-warren-buffett-isnt-buying-many-stocks-r/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>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 ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/10/17/heres-why-warren-buffett-isnt-buying-many-stocks-r/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.fool.com/investing/2021/10/17/heres-why-warren-buffett-isnt-buying-many-stocks-r/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2176421001","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.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6254516,"gmtCreate":1634652790717,"gmtModify":1634652790717,"authorId":3479274697856602,"author":{"id":3479274697856602,"idStr":"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,"idStr":"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,"authorIdStr":"3576578158811365","idStr":"3576578158811365"},"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,"repost":{"id":"2176421001","pubTimestamp":1634525538,"share":"https://www.laohu8.com/m/news/2176421001?lang=&edition=full","pubTime":"2021-10-18 10:52","market":"us","language":"en","title":"Here's Why Warren Buffett Isn't Buying Many Stocks Right Now","url":"https://stock-news.laohu8.com/highlight/detail?id=2176421001","media":"Motley Fool","summary":"And why you might want to copy the legendary investor's cautious approach.","content":"<p>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.</p>\n<p>The legendary investor has become one of the wealthiest people in the world by buying and holding stocks for his beloved <b>Berkshire Hathaway</b> (NYSE:BRK.A) (NYSE:BRK.B). However, Buffett isn't buying many stocks right now. And there's one simple reason why.</p>\n<p class=\"t-img-caption\"><img src=\"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F646095%2Fwarren-buffett-tmf.jpg&amp;w=700&amp;op=resize\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"><span>Image source: The Motley Fool.</span></p>\n<h2>Lots of cash, few new stocks</h2>\n<p>That 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.</p>\n<p>However, 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: <b>Aon</b>, <b>Kroger</b>, and&nbsp;<b>RH</b>.</p>\n<p>Sure, Berkshire also reported a brand-new position in <b>Organon</b>. However, that new stock in the conglomerate's portfolio was the result of <b>Merck</b>'s&nbsp;spin-off of its women's health business.</p>\n<h2>A value investor at heart</h2>\n<p>Buffett'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.</p>\n<p>With that in mind, take a look at the following chart. It shows the cyclically adjusted price-to-earnings (CAPE) for the S&amp;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&amp;P 500 divided by the average earnings over the previous 10 years adjusted for inflation.</p>\n<p class=\"t-img-caption\"><img src=\"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F646095%2Fsp-500-cyclically-adjusted-price-to-earnings-cape.png&amp;w=700&amp;op=resize\" tg-width=\"700\" tg-height=\"432\" width=\"100%\" height=\"auto\"><span>Data source: Robert Shiller, Yale University. Chart by author.</span></p>\n<p>Right now, the S&amp;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.</p>\n<p>Of course, we all know what happened after the market valuation reached such a lofty level. Stocks plunged. It took seven years for the S&amp;P to fully bounce back. (And then it nose-dived again with the financial crisis of 2008 and 2009.)</p>\n<p>I 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.</p>\n<h2>Be like Buffett?</h2>\n<p>Some 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&amp;P 500 index. And CAPE levels were higher during much of that period than they had been in a long time.</p>\n<p>However, 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&amp;P 500 and the returns over subsequent years.</p>\n<p>The 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.</p>\n<p>No, 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.</p>\n<p>I 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.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Here's Why Warren Buffett Isn't Buying Many Stocks Right Now</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHere's Why Warren Buffett Isn't Buying Many Stocks Right Now\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-10-18 10:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/10/17/heres-why-warren-buffett-isnt-buying-many-stocks-r/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>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 ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/10/17/heres-why-warren-buffett-isnt-buying-many-stocks-r/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.fool.com/investing/2021/10/17/heres-why-warren-buffett-isnt-buying-many-stocks-r/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2176421001","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.","news_type":1},"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,"authorIdStr":"3574468375375928","idStr":"3574468375375928"},"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,"repost":{"id":"2176421001","pubTimestamp":1634525538,"share":"https://www.laohu8.com/m/news/2176421001?lang=&edition=full","pubTime":"2021-10-18 10:52","market":"us","language":"en","title":"Here's Why Warren Buffett Isn't Buying Many Stocks Right Now","url":"https://stock-news.laohu8.com/highlight/detail?id=2176421001","media":"Motley Fool","summary":"And why you might want to copy the legendary investor's cautious approach.","content":"<p>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.</p>\n<p>The legendary investor has become one of the wealthiest people in the world by buying and holding stocks for his beloved <b>Berkshire Hathaway</b> (NYSE:BRK.A) (NYSE:BRK.B). However, Buffett isn't buying many stocks right now. And there's one simple reason why.</p>\n<p class=\"t-img-caption\"><img src=\"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F646095%2Fwarren-buffett-tmf.jpg&amp;w=700&amp;op=resize\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"><span>Image source: The Motley Fool.</span></p>\n<h2>Lots of cash, few new stocks</h2>\n<p>That 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.</p>\n<p>However, 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: <b>Aon</b>, <b>Kroger</b>, and&nbsp;<b>RH</b>.</p>\n<p>Sure, Berkshire also reported a brand-new position in <b>Organon</b>. However, that new stock in the conglomerate's portfolio was the result of <b>Merck</b>'s&nbsp;spin-off of its women's health business.</p>\n<h2>A value investor at heart</h2>\n<p>Buffett'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.</p>\n<p>With that in mind, take a look at the following chart. It shows the cyclically adjusted price-to-earnings (CAPE) for the S&amp;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&amp;P 500 divided by the average earnings over the previous 10 years adjusted for inflation.</p>\n<p class=\"t-img-caption\"><img src=\"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F646095%2Fsp-500-cyclically-adjusted-price-to-earnings-cape.png&amp;w=700&amp;op=resize\" tg-width=\"700\" tg-height=\"432\" width=\"100%\" height=\"auto\"><span>Data source: Robert Shiller, Yale University. Chart by author.</span></p>\n<p>Right now, the S&amp;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.</p>\n<p>Of course, we all know what happened after the market valuation reached such a lofty level. Stocks plunged. It took seven years for the S&amp;P to fully bounce back. (And then it nose-dived again with the financial crisis of 2008 and 2009.)</p>\n<p>I 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.</p>\n<h2>Be like Buffett?</h2>\n<p>Some 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&amp;P 500 index. And CAPE levels were higher during much of that period than they had been in a long time.</p>\n<p>However, 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&amp;P 500 and the returns over subsequent years.</p>\n<p>The 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.</p>\n<p>No, 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.</p>\n<p>I 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.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Here's Why Warren Buffett Isn't Buying Many Stocks Right Now</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHere's Why Warren Buffett Isn't Buying Many Stocks Right Now\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-10-18 10:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/10/17/heres-why-warren-buffett-isnt-buying-many-stocks-r/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>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 ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/10/17/heres-why-warren-buffett-isnt-buying-many-stocks-r/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.fool.com/investing/2021/10/17/heres-why-warren-buffett-isnt-buying-many-stocks-r/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2176421001","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.","news_type":1},"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":7,"crmLevelSwitch":0,"authorIdStr":"3576326749731922","idStr":"3576326749731922"},"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,"repost":{"id":"2176421001","pubTimestamp":1634525538,"share":"https://www.laohu8.com/m/news/2176421001?lang=&edition=full","pubTime":"2021-10-18 10:52","market":"us","language":"en","title":"Here's Why Warren Buffett Isn't Buying Many Stocks Right Now","url":"https://stock-news.laohu8.com/highlight/detail?id=2176421001","media":"Motley Fool","summary":"And why you might want to copy the legendary investor's cautious approach.","content":"<p>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.</p>\n<p>The legendary investor has become one of the wealthiest people in the world by buying and holding stocks for his beloved <b>Berkshire Hathaway</b> (NYSE:BRK.A) (NYSE:BRK.B). However, Buffett isn't buying many stocks right now. And there's one simple reason why.</p>\n<p class=\"t-img-caption\"><img src=\"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F646095%2Fwarren-buffett-tmf.jpg&amp;w=700&amp;op=resize\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"><span>Image source: The Motley Fool.</span></p>\n<h2>Lots of cash, few new stocks</h2>\n<p>That 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.</p>\n<p>However, 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: <b>Aon</b>, <b>Kroger</b>, and&nbsp;<b>RH</b>.</p>\n<p>Sure, Berkshire also reported a brand-new position in <b>Organon</b>. However, that new stock in the conglomerate's portfolio was the result of <b>Merck</b>'s&nbsp;spin-off of its women's health business.</p>\n<h2>A value investor at heart</h2>\n<p>Buffett'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.</p>\n<p>With that in mind, take a look at the following chart. It shows the cyclically adjusted price-to-earnings (CAPE) for the S&amp;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&amp;P 500 divided by the average earnings over the previous 10 years adjusted for inflation.</p>\n<p class=\"t-img-caption\"><img src=\"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F646095%2Fsp-500-cyclically-adjusted-price-to-earnings-cape.png&amp;w=700&amp;op=resize\" tg-width=\"700\" tg-height=\"432\" width=\"100%\" height=\"auto\"><span>Data source: Robert Shiller, Yale University. Chart by author.</span></p>\n<p>Right now, the S&amp;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.</p>\n<p>Of course, we all know what happened after the market valuation reached such a lofty level. Stocks plunged. It took seven years for the S&amp;P to fully bounce back. (And then it nose-dived again with the financial crisis of 2008 and 2009.)</p>\n<p>I 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.</p>\n<h2>Be like Buffett?</h2>\n<p>Some 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&amp;P 500 index. And CAPE levels were higher during much of that period than they had been in a long time.</p>\n<p>However, 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&amp;P 500 and the returns over subsequent years.</p>\n<p>The 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.</p>\n<p>No, 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.</p>\n<p>I 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.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Here's Why Warren Buffett Isn't Buying Many Stocks Right Now</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHere's Why Warren Buffett Isn't Buying Many Stocks Right Now\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-10-18 10:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/10/17/heres-why-warren-buffett-isnt-buying-many-stocks-r/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>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 ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/10/17/heres-why-warren-buffett-isnt-buying-many-stocks-r/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.fool.com/investing/2021/10/17/heres-why-warren-buffett-isnt-buying-many-stocks-r/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2176421001","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.","news_type":1},"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,"authorIdStr":"3570619054429964","idStr":"3570619054429964"},"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,"repost":{"id":"2176421001","pubTimestamp":1634525538,"share":"https://www.laohu8.com/m/news/2176421001?lang=&edition=full","pubTime":"2021-10-18 10:52","market":"us","language":"en","title":"Here's Why Warren Buffett Isn't Buying Many Stocks Right Now","url":"https://stock-news.laohu8.com/highlight/detail?id=2176421001","media":"Motley Fool","summary":"And why you might want to copy the legendary investor's cautious approach.","content":"<p>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.</p>\n<p>The legendary investor has become one of the wealthiest people in the world by buying and holding stocks for his beloved <b>Berkshire Hathaway</b> (NYSE:BRK.A) (NYSE:BRK.B). However, Buffett isn't buying many stocks right now. And there's one simple reason why.</p>\n<p class=\"t-img-caption\"><img src=\"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F646095%2Fwarren-buffett-tmf.jpg&amp;w=700&amp;op=resize\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"><span>Image source: The Motley Fool.</span></p>\n<h2>Lots of cash, few new stocks</h2>\n<p>That 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.</p>\n<p>However, 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: <b>Aon</b>, <b>Kroger</b>, and&nbsp;<b>RH</b>.</p>\n<p>Sure, Berkshire also reported a brand-new position in <b>Organon</b>. However, that new stock in the conglomerate's portfolio was the result of <b>Merck</b>'s&nbsp;spin-off of its women's health business.</p>\n<h2>A value investor at heart</h2>\n<p>Buffett'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.</p>\n<p>With that in mind, take a look at the following chart. It shows the cyclically adjusted price-to-earnings (CAPE) for the S&amp;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&amp;P 500 divided by the average earnings over the previous 10 years adjusted for inflation.</p>\n<p class=\"t-img-caption\"><img src=\"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F646095%2Fsp-500-cyclically-adjusted-price-to-earnings-cape.png&amp;w=700&amp;op=resize\" tg-width=\"700\" tg-height=\"432\" width=\"100%\" height=\"auto\"><span>Data source: Robert Shiller, Yale University. Chart by author.</span></p>\n<p>Right now, the S&amp;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.</p>\n<p>Of course, we all know what happened after the market valuation reached such a lofty level. Stocks plunged. It took seven years for the S&amp;P to fully bounce back. (And then it nose-dived again with the financial crisis of 2008 and 2009.)</p>\n<p>I 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.</p>\n<h2>Be like Buffett?</h2>\n<p>Some 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&amp;P 500 index. And CAPE levels were higher during much of that period than they had been in a long time.</p>\n<p>However, 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&amp;P 500 and the returns over subsequent years.</p>\n<p>The 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.</p>\n<p>No, 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.</p>\n<p>I 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.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Here's Why Warren Buffett Isn't Buying Many Stocks Right Now</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHere's Why Warren Buffett Isn't Buying Many Stocks Right Now\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-10-18 10:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/10/17/heres-why-warren-buffett-isnt-buying-many-stocks-r/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>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 ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/10/17/heres-why-warren-buffett-isnt-buying-many-stocks-r/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.fool.com/investing/2021/10/17/heres-why-warren-buffett-isnt-buying-many-stocks-r/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2176421001","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.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6242801,"gmtCreate":1634566846263,"gmtModify":1634566846263,"authorId":3479274784832471,"author":{"id":3479274784832471,"idStr":"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":7,"crmLevelSwitch":0,"authorIdStr":"3574549633778650","idStr":"3574549633778650"},"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,"repost":{"id":"2176421001","pubTimestamp":1634525538,"share":"https://www.laohu8.com/m/news/2176421001?lang=&edition=full","pubTime":"2021-10-18 10:52","market":"us","language":"en","title":"Here's Why Warren Buffett Isn't Buying Many Stocks Right Now","url":"https://stock-news.laohu8.com/highlight/detail?id=2176421001","media":"Motley Fool","summary":"And why you might want to copy the legendary investor's cautious approach.","content":"<p>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.</p>\n<p>The legendary investor has become one of the wealthiest people in the world by buying and holding stocks for his beloved <b>Berkshire Hathaway</b> (NYSE:BRK.A) (NYSE:BRK.B). However, Buffett isn't buying many stocks right now. And there's one simple reason why.</p>\n<p class=\"t-img-caption\"><img src=\"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F646095%2Fwarren-buffett-tmf.jpg&amp;w=700&amp;op=resize\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"><span>Image source: The Motley Fool.</span></p>\n<h2>Lots of cash, few new stocks</h2>\n<p>That 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.</p>\n<p>However, 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: <b>Aon</b>, <b>Kroger</b>, and&nbsp;<b>RH</b>.</p>\n<p>Sure, Berkshire also reported a brand-new position in <b>Organon</b>. However, that new stock in the conglomerate's portfolio was the result of <b>Merck</b>'s&nbsp;spin-off of its women's health business.</p>\n<h2>A value investor at heart</h2>\n<p>Buffett'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.</p>\n<p>With that in mind, take a look at the following chart. It shows the cyclically adjusted price-to-earnings (CAPE) for the S&amp;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&amp;P 500 divided by the average earnings over the previous 10 years adjusted for inflation.</p>\n<p class=\"t-img-caption\"><img src=\"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F646095%2Fsp-500-cyclically-adjusted-price-to-earnings-cape.png&amp;w=700&amp;op=resize\" tg-width=\"700\" tg-height=\"432\" width=\"100%\" height=\"auto\"><span>Data source: Robert Shiller, Yale University. Chart by author.</span></p>\n<p>Right now, the S&amp;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.</p>\n<p>Of course, we all know what happened after the market valuation reached such a lofty level. Stocks plunged. It took seven years for the S&amp;P to fully bounce back. (And then it nose-dived again with the financial crisis of 2008 and 2009.)</p>\n<p>I 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.</p>\n<h2>Be like Buffett?</h2>\n<p>Some 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&amp;P 500 index. And CAPE levels were higher during much of that period than they had been in a long time.</p>\n<p>However, 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&amp;P 500 and the returns over subsequent years.</p>\n<p>The 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.</p>\n<p>No, 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.</p>\n<p>I 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.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Here's Why Warren Buffett Isn't Buying Many Stocks Right Now</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHere's Why Warren Buffett Isn't Buying Many Stocks Right Now\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-10-18 10:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/10/17/heres-why-warren-buffett-isnt-buying-many-stocks-r/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>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 ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/10/17/heres-why-warren-buffett-isnt-buying-many-stocks-r/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.fool.com/investing/2021/10/17/heres-why-warren-buffett-isnt-buying-many-stocks-r/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2176421001","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.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6241210,"gmtCreate":1634559134341,"gmtModify":1634632301892,"authorId":3579404034455974,"author":{"id":3579404034455974,"idStr":"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"},{"id":850320643,"gmtCreate":1634557224910,"gmtModify":1634557228000,"author":{"id":"4091758936365950","authorId":"4091758936365950","name":"MHh","avatar":"https://static.tigerbbs.com/54b2feced9ef5dcc9e95997d1f4db280","vip":1,"crmLevel":7,"crmLevelSwitch":0,"authorIdStr":"4091758936365950","idStr":"4091758936365950"},"htmlText":"He’s waiting for the dip when the Fed tapers? A truly value investor at heart","listText":"He’s waiting for the dip when the Fed tapers? A truly value investor at heart","text":"He’s waiting for the dip when the Fed tapers? A truly value investor at heart","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/850320643","repostId":2176421001,"repostType":4,"repost":{"id":"2176421001","pubTimestamp":1634525538,"share":"https://www.laohu8.com/m/news/2176421001?lang=&edition=full","pubTime":"2021-10-18 10:52","market":"us","language":"en","title":"Here's Why Warren Buffett Isn't Buying Many Stocks Right Now","url":"https://stock-news.laohu8.com/highlight/detail?id=2176421001","media":"Motley Fool","summary":"And why you might want to copy the legendary investor's cautious approach.","content":"<p>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.</p>\n<p>The legendary investor has become one of the wealthiest people in the world by buying and holding stocks for his beloved <b>Berkshire Hathaway</b> (NYSE:BRK.A) (NYSE:BRK.B). However, Buffett isn't buying many stocks right now. And there's one simple reason why.</p>\n<p class=\"t-img-caption\"><img src=\"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F646095%2Fwarren-buffett-tmf.jpg&amp;w=700&amp;op=resize\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"><span>Image source: The Motley Fool.</span></p>\n<h2>Lots of cash, few new stocks</h2>\n<p>That 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.</p>\n<p>However, 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: <b>Aon</b>, <b>Kroger</b>, and&nbsp;<b>RH</b>.</p>\n<p>Sure, Berkshire also reported a brand-new position in <b>Organon</b>. However, that new stock in the conglomerate's portfolio was the result of <b>Merck</b>'s&nbsp;spin-off of its women's health business.</p>\n<h2>A value investor at heart</h2>\n<p>Buffett'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.</p>\n<p>With that in mind, take a look at the following chart. It shows the cyclically adjusted price-to-earnings (CAPE) for the S&amp;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&amp;P 500 divided by the average earnings over the previous 10 years adjusted for inflation.</p>\n<p class=\"t-img-caption\"><img src=\"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F646095%2Fsp-500-cyclically-adjusted-price-to-earnings-cape.png&amp;w=700&amp;op=resize\" tg-width=\"700\" tg-height=\"432\" width=\"100%\" height=\"auto\"><span>Data source: Robert Shiller, Yale University. Chart by author.</span></p>\n<p>Right now, the S&amp;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.</p>\n<p>Of course, we all know what happened after the market valuation reached such a lofty level. Stocks plunged. It took seven years for the S&amp;P to fully bounce back. (And then it nose-dived again with the financial crisis of 2008 and 2009.)</p>\n<p>I 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.</p>\n<h2>Be like Buffett?</h2>\n<p>Some 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&amp;P 500 index. And CAPE levels were higher during much of that period than they had been in a long time.</p>\n<p>However, 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&amp;P 500 and the returns over subsequent years.</p>\n<p>The 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.</p>\n<p>No, 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.</p>\n<p>I 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.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Here's Why Warren Buffett Isn't Buying Many Stocks Right Now</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHere's Why Warren Buffett Isn't Buying Many Stocks Right Now\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-10-18 10:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/10/17/heres-why-warren-buffett-isnt-buying-many-stocks-r/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>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 ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/10/17/heres-why-warren-buffett-isnt-buying-many-stocks-r/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.fool.com/investing/2021/10/17/heres-why-warren-buffett-isnt-buying-many-stocks-r/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2176421001","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.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6241299,"gmtCreate":1634559559889,"gmtModify":1634632294034,"authorId":3583977784901644,"author":{"id":3583977784901644,"idStr":"3583977784901644","authorId":3583977784901644,"name":"HuatSS","avatar":"https://static.tigerbbs.com/d62ef528222c2647f345d747368a7eac","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":850320643,"type":1,"supId":0,"prevId":0,"content":"Agree waiting for his news","text":"Agree waiting for his news","html":"Agree waiting for his news"},{"id":6241319,"gmtCreate":1634559638618,"gmtModify":1634632292291,"authorId":4091758936365950,"author":{"id":4091758936365950,"idStr":"4091758936365950","authorId":4091758936365950,"name":"MHh","avatar":"https://static.tigerbbs.com/54b2feced9ef5dcc9e95997d1f4db280","vip":1,"crmLevel":7,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":850320643,"type":1,"supId":6241299,"prevId":0,"content":"Great strategy! Copy the master![Smile]","text":"Great strategy! Copy the master![Smile]","html":"Great strategy! Copy the master![Smile]"}],"langContent":"CN"},{"id":850365761,"gmtCreate":1634556854379,"gmtModify":1634556953639,"author":{"id":"3579743164156658","authorId":"3579743164156658","name":"sheenayam","avatar":"https://static.tigerbbs.com/fe1b57a8371314fd64ce0840001df6b2","vip":1,"crmLevel":5,"crmLevelSwitch":0,"authorIdStr":"3579743164156658","idStr":"3579743164156658"},"htmlText":"He is always wise in taking action at the right time and not in hurry to buy.","listText":"He is always wise in taking action at the right time and not in hurry to buy.","text":"He is always wise in taking action at the right time and not in hurry to buy.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/850365761","repostId":2176421001,"repostType":4,"repost":{"id":"2176421001","pubTimestamp":1634525538,"share":"https://www.laohu8.com/m/news/2176421001?lang=&edition=full","pubTime":"2021-10-18 10:52","market":"us","language":"en","title":"Here's Why Warren Buffett Isn't Buying Many Stocks Right Now","url":"https://stock-news.laohu8.com/highlight/detail?id=2176421001","media":"Motley Fool","summary":"And why you might want to copy the legendary investor's cautious approach.","content":"<p>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.</p>\n<p>The legendary investor has become one of the wealthiest people in the world by buying and holding stocks for his beloved <b>Berkshire Hathaway</b> (NYSE:BRK.A) (NYSE:BRK.B). However, Buffett isn't buying many stocks right now. And there's one simple reason why.</p>\n<p class=\"t-img-caption\"><img src=\"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F646095%2Fwarren-buffett-tmf.jpg&amp;w=700&amp;op=resize\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"><span>Image source: The Motley Fool.</span></p>\n<h2>Lots of cash, few new stocks</h2>\n<p>That 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.</p>\n<p>However, 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: <b>Aon</b>, <b>Kroger</b>, and&nbsp;<b>RH</b>.</p>\n<p>Sure, Berkshire also reported a brand-new position in <b>Organon</b>. However, that new stock in the conglomerate's portfolio was the result of <b>Merck</b>'s&nbsp;spin-off of its women's health business.</p>\n<h2>A value investor at heart</h2>\n<p>Buffett'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.</p>\n<p>With that in mind, take a look at the following chart. It shows the cyclically adjusted price-to-earnings (CAPE) for the S&amp;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&amp;P 500 divided by the average earnings over the previous 10 years adjusted for inflation.</p>\n<p class=\"t-img-caption\"><img src=\"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F646095%2Fsp-500-cyclically-adjusted-price-to-earnings-cape.png&amp;w=700&amp;op=resize\" tg-width=\"700\" tg-height=\"432\" width=\"100%\" height=\"auto\"><span>Data source: Robert Shiller, Yale University. Chart by author.</span></p>\n<p>Right now, the S&amp;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.</p>\n<p>Of course, we all know what happened after the market valuation reached such a lofty level. Stocks plunged. It took seven years for the S&amp;P to fully bounce back. (And then it nose-dived again with the financial crisis of 2008 and 2009.)</p>\n<p>I 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.</p>\n<h2>Be like Buffett?</h2>\n<p>Some 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&amp;P 500 index. And CAPE levels were higher during much of that period than they had been in a long time.</p>\n<p>However, 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&amp;P 500 and the returns over subsequent years.</p>\n<p>The 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.</p>\n<p>No, 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.</p>\n<p>I 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.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Here's Why Warren Buffett Isn't Buying Many Stocks Right Now</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHere's Why Warren Buffett Isn't Buying Many Stocks Right Now\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-10-18 10:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/10/17/heres-why-warren-buffett-isnt-buying-many-stocks-r/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>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 ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/10/17/heres-why-warren-buffett-isnt-buying-many-stocks-r/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.fool.com/investing/2021/10/17/heres-why-warren-buffett-isnt-buying-many-stocks-r/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2176421001","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.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6242733,"gmtCreate":1634566539067,"gmtModify":1634632183756,"authorId":3571792373977202,"author":{"id":3571792373977202,"idStr":"3571792373977202","authorId":3571792373977202,"name":"12330aa5","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":850365761,"type":1,"supId":0,"prevId":0,"content":"yes, control emotion while dealing with investment is important.","text":"yes, control emotion while dealing with investment is important.","html":"yes, control emotion while dealing with investment is important."}],"langContent":"CN"},{"id":850365158,"gmtCreate":1634556733626,"gmtModify":1634556733626,"author":{"id":"3570514286511631","authorId":"3570514286511631","name":"Judes","avatar":"https://static.tigerbbs.com/0c6905a43868883e65de294e9b00339a","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3570514286511631","idStr":"3570514286511631"},"htmlText":"Yes valuations have reached lofty levels…..be cautious and be nimble. Know when to bail !&nbsp;","listText":"Yes valuations have reached lofty levels…..be cautious and be nimble. Know when to bail !&nbsp;","text":"Yes valuations have reached lofty levels…..be cautious and be nimble. Know when to bail !","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/850365158","repostId":2176421001,"repostType":4,"repost":{"id":"2176421001","pubTimestamp":1634525538,"share":"https://www.laohu8.com/m/news/2176421001?lang=&edition=full","pubTime":"2021-10-18 10:52","market":"us","language":"en","title":"Here's Why Warren Buffett Isn't Buying Many Stocks Right Now","url":"https://stock-news.laohu8.com/highlight/detail?id=2176421001","media":"Motley Fool","summary":"And why you might want to copy the legendary investor's cautious approach.","content":"<p>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.</p>\n<p>The legendary investor has become one of the wealthiest people in the world by buying and holding stocks for his beloved <b>Berkshire Hathaway</b> (NYSE:BRK.A) (NYSE:BRK.B). However, Buffett isn't buying many stocks right now. And there's one simple reason why.</p>\n<p class=\"t-img-caption\"><img src=\"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F646095%2Fwarren-buffett-tmf.jpg&amp;w=700&amp;op=resize\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"><span>Image source: The Motley Fool.</span></p>\n<h2>Lots of cash, few new stocks</h2>\n<p>That 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.</p>\n<p>However, 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: <b>Aon</b>, <b>Kroger</b>, and&nbsp;<b>RH</b>.</p>\n<p>Sure, Berkshire also reported a brand-new position in <b>Organon</b>. However, that new stock in the conglomerate's portfolio was the result of <b>Merck</b>'s&nbsp;spin-off of its women's health business.</p>\n<h2>A value investor at heart</h2>\n<p>Buffett'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.</p>\n<p>With that in mind, take a look at the following chart. It shows the cyclically adjusted price-to-earnings (CAPE) for the S&amp;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&amp;P 500 divided by the average earnings over the previous 10 years adjusted for inflation.</p>\n<p class=\"t-img-caption\"><img src=\"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F646095%2Fsp-500-cyclically-adjusted-price-to-earnings-cape.png&amp;w=700&amp;op=resize\" tg-width=\"700\" tg-height=\"432\" width=\"100%\" height=\"auto\"><span>Data source: Robert Shiller, Yale University. Chart by author.</span></p>\n<p>Right now, the S&amp;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.</p>\n<p>Of course, we all know what happened after the market valuation reached such a lofty level. Stocks plunged. It took seven years for the S&amp;P to fully bounce back. (And then it nose-dived again with the financial crisis of 2008 and 2009.)</p>\n<p>I 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.</p>\n<h2>Be like Buffett?</h2>\n<p>Some 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&amp;P 500 index. And CAPE levels were higher during much of that period than they had been in a long time.</p>\n<p>However, 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&amp;P 500 and the returns over subsequent years.</p>\n<p>The 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.</p>\n<p>No, 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.</p>\n<p>I 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.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Here's Why Warren Buffett Isn't Buying Many Stocks Right Now</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHere's Why Warren Buffett Isn't Buying Many Stocks Right Now\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-10-18 10:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/10/17/heres-why-warren-buffett-isnt-buying-many-stocks-r/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>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 ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/10/17/heres-why-warren-buffett-isnt-buying-many-stocks-r/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.fool.com/investing/2021/10/17/heres-why-warren-buffett-isnt-buying-many-stocks-r/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2176421001","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.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":850318058,"gmtCreate":1634553934493,"gmtModify":1634553936204,"author":{"id":"3563436875655076","authorId":"3563436875655076","name":"james_l","avatar":"https://static.tigerbbs.com/7960ea5c640db331ff2de0da32f6a611","vip":1,"crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"3563436875655076","idStr":"3563436875655076"},"htmlText":"Good advice","listText":"Good advice","text":"Good advice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/850318058","repostId":2176421001,"repostType":4,"repost":{"id":"2176421001","pubTimestamp":1634525538,"share":"https://www.laohu8.com/m/news/2176421001?lang=&edition=full","pubTime":"2021-10-18 10:52","market":"us","language":"en","title":"Here's Why Warren Buffett Isn't Buying Many Stocks Right Now","url":"https://stock-news.laohu8.com/highlight/detail?id=2176421001","media":"Motley Fool","summary":"And why you might want to copy the legendary investor's cautious approach.","content":"<p>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.</p>\n<p>The legendary investor has become one of the wealthiest people in the world by buying and holding stocks for his beloved <b>Berkshire Hathaway</b> (NYSE:BRK.A) (NYSE:BRK.B). However, Buffett isn't buying many stocks right now. And there's one simple reason why.</p>\n<p class=\"t-img-caption\"><img src=\"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F646095%2Fwarren-buffett-tmf.jpg&amp;w=700&amp;op=resize\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"><span>Image source: The Motley Fool.</span></p>\n<h2>Lots of cash, few new stocks</h2>\n<p>That 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.</p>\n<p>However, 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: <b>Aon</b>, <b>Kroger</b>, and&nbsp;<b>RH</b>.</p>\n<p>Sure, Berkshire also reported a brand-new position in <b>Organon</b>. However, that new stock in the conglomerate's portfolio was the result of <b>Merck</b>'s&nbsp;spin-off of its women's health business.</p>\n<h2>A value investor at heart</h2>\n<p>Buffett'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.</p>\n<p>With that in mind, take a look at the following chart. It shows the cyclically adjusted price-to-earnings (CAPE) for the S&amp;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&amp;P 500 divided by the average earnings over the previous 10 years adjusted for inflation.</p>\n<p class=\"t-img-caption\"><img src=\"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F646095%2Fsp-500-cyclically-adjusted-price-to-earnings-cape.png&amp;w=700&amp;op=resize\" tg-width=\"700\" tg-height=\"432\" width=\"100%\" height=\"auto\"><span>Data source: Robert Shiller, Yale University. Chart by author.</span></p>\n<p>Right now, the S&amp;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.</p>\n<p>Of course, we all know what happened after the market valuation reached such a lofty level. Stocks plunged. It took seven years for the S&amp;P to fully bounce back. (And then it nose-dived again with the financial crisis of 2008 and 2009.)</p>\n<p>I 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.</p>\n<h2>Be like Buffett?</h2>\n<p>Some 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&amp;P 500 index. And CAPE levels were higher during much of that period than they had been in a long time.</p>\n<p>However, 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&amp;P 500 and the returns over subsequent years.</p>\n<p>The 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.</p>\n<p>No, 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.</p>\n<p>I 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.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Here's Why Warren Buffett Isn't Buying Many Stocks Right Now</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHere's Why Warren Buffett Isn't Buying Many Stocks Right Now\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-10-18 10:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/10/17/heres-why-warren-buffett-isnt-buying-many-stocks-r/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>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 ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/10/17/heres-why-warren-buffett-isnt-buying-many-stocks-r/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.fool.com/investing/2021/10/17/heres-why-warren-buffett-isnt-buying-many-stocks-r/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2176421001","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.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6240907,"gmtCreate":1634556531325,"gmtModify":1634632321527,"authorId":3571815908504020,"author":{"id":3571815908504020,"idStr":"3571815908504020","authorId":3571815908504020,"name":"AndrewL","avatar":"https://static.tigerbbs.com/f45655eaaab14f0b61c554eea4d95ca7","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":850318058,"type":1,"supId":0,"prevId":0,"content":"👍","text":"👍","html":"👍"}],"langContent":"CN"},{"id":850334258,"gmtCreate":1634553490976,"gmtModify":1634553491231,"author":{"id":"3578479356531453","authorId":"3578479356531453","name":"lynlion","avatar":"https://static.tigerbbs.com/a17741f12ada9d6c5ac249f5f862a3cf","vip":1,"crmLevel":8,"crmLevelSwitch":0,"authorIdStr":"3578479356531453","idStr":"3578479356531453"},"htmlText":"Agree","listText":"Agree","text":"Agree","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/850334258","repostId":2176421001,"repostType":4,"repost":{"id":"2176421001","pubTimestamp":1634525538,"share":"https://www.laohu8.com/m/news/2176421001?lang=&edition=full","pubTime":"2021-10-18 10:52","market":"us","language":"en","title":"Here's Why Warren Buffett Isn't Buying Many Stocks Right Now","url":"https://stock-news.laohu8.com/highlight/detail?id=2176421001","media":"Motley Fool","summary":"And why you might want to copy the legendary investor's cautious approach.","content":"<p>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.</p>\n<p>The legendary investor has become one of the wealthiest people in the world by buying and holding stocks for his beloved <b>Berkshire Hathaway</b> (NYSE:BRK.A) (NYSE:BRK.B). However, Buffett isn't buying many stocks right now. And there's one simple reason why.</p>\n<p class=\"t-img-caption\"><img src=\"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F646095%2Fwarren-buffett-tmf.jpg&amp;w=700&amp;op=resize\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"><span>Image source: The Motley Fool.</span></p>\n<h2>Lots of cash, few new stocks</h2>\n<p>That 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.</p>\n<p>However, 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: <b>Aon</b>, <b>Kroger</b>, and&nbsp;<b>RH</b>.</p>\n<p>Sure, Berkshire also reported a brand-new position in <b>Organon</b>. However, that new stock in the conglomerate's portfolio was the result of <b>Merck</b>'s&nbsp;spin-off of its women's health business.</p>\n<h2>A value investor at heart</h2>\n<p>Buffett'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.</p>\n<p>With that in mind, take a look at the following chart. It shows the cyclically adjusted price-to-earnings (CAPE) for the S&amp;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&amp;P 500 divided by the average earnings over the previous 10 years adjusted for inflation.</p>\n<p class=\"t-img-caption\"><img src=\"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F646095%2Fsp-500-cyclically-adjusted-price-to-earnings-cape.png&amp;w=700&amp;op=resize\" tg-width=\"700\" tg-height=\"432\" width=\"100%\" height=\"auto\"><span>Data source: Robert Shiller, Yale University. Chart by author.</span></p>\n<p>Right now, the S&amp;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.</p>\n<p>Of course, we all know what happened after the market valuation reached such a lofty level. Stocks plunged. It took seven years for the S&amp;P to fully bounce back. (And then it nose-dived again with the financial crisis of 2008 and 2009.)</p>\n<p>I 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.</p>\n<h2>Be like Buffett?</h2>\n<p>Some 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&amp;P 500 index. And CAPE levels were higher during much of that period than they had been in a long time.</p>\n<p>However, 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&amp;P 500 and the returns over subsequent years.</p>\n<p>The 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.</p>\n<p>No, 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.</p>\n<p>I 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.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Here's Why Warren Buffett Isn't Buying Many Stocks Right Now</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHere's Why Warren Buffett Isn't Buying Many Stocks Right Now\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-10-18 10:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/10/17/heres-why-warren-buffett-isnt-buying-many-stocks-r/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>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 ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/10/17/heres-why-warren-buffett-isnt-buying-many-stocks-r/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.fool.com/investing/2021/10/17/heres-why-warren-buffett-isnt-buying-many-stocks-r/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2176421001","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.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":850334934,"gmtCreate":1634553360527,"gmtModify":1634553360936,"author":{"id":"4089463306606890","authorId":"4089463306606890","name":"AxelOng","avatar":"https://static.tigerbbs.com/8eaa7b50259b0329b74e09bc501ecd38","vip":1,"crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"4089463306606890","idStr":"4089463306606890"},"htmlText":"Agree","listText":"Agree","text":"Agree","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/850334934","repostId":2176421001,"repostType":4,"repost":{"id":"2176421001","pubTimestamp":1634525538,"share":"https://www.laohu8.com/m/news/2176421001?lang=&edition=full","pubTime":"2021-10-18 10:52","market":"us","language":"en","title":"Here's Why Warren Buffett Isn't Buying Many Stocks Right Now","url":"https://stock-news.laohu8.com/highlight/detail?id=2176421001","media":"Motley Fool","summary":"And why you might want to copy the legendary investor's cautious approach.","content":"<p>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.</p>\n<p>The legendary investor has become one of the wealthiest people in the world by buying and holding stocks for his beloved <b>Berkshire Hathaway</b> (NYSE:BRK.A) (NYSE:BRK.B). However, Buffett isn't buying many stocks right now. And there's one simple reason why.</p>\n<p class=\"t-img-caption\"><img src=\"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F646095%2Fwarren-buffett-tmf.jpg&amp;w=700&amp;op=resize\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"><span>Image source: The Motley Fool.</span></p>\n<h2>Lots of cash, few new stocks</h2>\n<p>That 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.</p>\n<p>However, 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: <b>Aon</b>, <b>Kroger</b>, and&nbsp;<b>RH</b>.</p>\n<p>Sure, Berkshire also reported a brand-new position in <b>Organon</b>. However, that new stock in the conglomerate's portfolio was the result of <b>Merck</b>'s&nbsp;spin-off of its women's health business.</p>\n<h2>A value investor at heart</h2>\n<p>Buffett'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.</p>\n<p>With that in mind, take a look at the following chart. It shows the cyclically adjusted price-to-earnings (CAPE) for the S&amp;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&amp;P 500 divided by the average earnings over the previous 10 years adjusted for inflation.</p>\n<p class=\"t-img-caption\"><img src=\"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F646095%2Fsp-500-cyclically-adjusted-price-to-earnings-cape.png&amp;w=700&amp;op=resize\" tg-width=\"700\" tg-height=\"432\" width=\"100%\" height=\"auto\"><span>Data source: Robert Shiller, Yale University. Chart by author.</span></p>\n<p>Right now, the S&amp;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.</p>\n<p>Of course, we all know what happened after the market valuation reached such a lofty level. Stocks plunged. It took seven years for the S&amp;P to fully bounce back. (And then it nose-dived again with the financial crisis of 2008 and 2009.)</p>\n<p>I 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.</p>\n<h2>Be like Buffett?</h2>\n<p>Some 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&amp;P 500 index. And CAPE levels were higher during much of that period than they had been in a long time.</p>\n<p>However, 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&amp;P 500 and the returns over subsequent years.</p>\n<p>The 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.</p>\n<p>No, 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.</p>\n<p>I 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.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Here's Why Warren Buffett Isn't Buying Many Stocks Right Now</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHere's Why Warren Buffett Isn't Buying Many Stocks Right Now\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-10-18 10:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/10/17/heres-why-warren-buffett-isnt-buying-many-stocks-r/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>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 ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/10/17/heres-why-warren-buffett-isnt-buying-many-stocks-r/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.fool.com/investing/2021/10/17/heres-why-warren-buffett-isnt-buying-many-stocks-r/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2176421001","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.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":850393586,"gmtCreate":1634551772436,"gmtModify":1634551772992,"author":{"id":"3581556348949722","authorId":"3581556348949722","name":"Val準凖","avatar":"https://static.tigerbbs.com/fc78ba8079eaf21b89d9286a3857c533","vip":1,"crmLevel":5,"crmLevelSwitch":0,"authorIdStr":"3581556348949722","idStr":"3581556348949722"},"htmlText":"My share not in the list…😭😭😭","listText":"My share not in the list…😭😭😭","text":"My share not in the list…😭😭😭","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/850393586","repostId":2176421001,"repostType":4,"repost":{"id":"2176421001","pubTimestamp":1634525538,"share":"https://www.laohu8.com/m/news/2176421001?lang=&edition=full","pubTime":"2021-10-18 10:52","market":"us","language":"en","title":"Here's Why Warren Buffett Isn't Buying Many Stocks Right Now","url":"https://stock-news.laohu8.com/highlight/detail?id=2176421001","media":"Motley Fool","summary":"And why you might want to copy the legendary investor's cautious approach.","content":"<p>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.</p>\n<p>The legendary investor has become one of the wealthiest people in the world by buying and holding stocks for his beloved <b>Berkshire Hathaway</b> (NYSE:BRK.A) (NYSE:BRK.B). However, Buffett isn't buying many stocks right now. And there's one simple reason why.</p>\n<p class=\"t-img-caption\"><img src=\"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F646095%2Fwarren-buffett-tmf.jpg&amp;w=700&amp;op=resize\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"><span>Image source: The Motley Fool.</span></p>\n<h2>Lots of cash, few new stocks</h2>\n<p>That 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.</p>\n<p>However, 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: <b>Aon</b>, <b>Kroger</b>, and&nbsp;<b>RH</b>.</p>\n<p>Sure, Berkshire also reported a brand-new position in <b>Organon</b>. However, that new stock in the conglomerate's portfolio was the result of <b>Merck</b>'s&nbsp;spin-off of its women's health business.</p>\n<h2>A value investor at heart</h2>\n<p>Buffett'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.</p>\n<p>With that in mind, take a look at the following chart. It shows the cyclically adjusted price-to-earnings (CAPE) for the S&amp;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&amp;P 500 divided by the average earnings over the previous 10 years adjusted for inflation.</p>\n<p class=\"t-img-caption\"><img src=\"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F646095%2Fsp-500-cyclically-adjusted-price-to-earnings-cape.png&amp;w=700&amp;op=resize\" tg-width=\"700\" tg-height=\"432\" width=\"100%\" height=\"auto\"><span>Data source: Robert Shiller, Yale University. Chart by author.</span></p>\n<p>Right now, the S&amp;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.</p>\n<p>Of course, we all know what happened after the market valuation reached such a lofty level. Stocks plunged. It took seven years for the S&amp;P to fully bounce back. (And then it nose-dived again with the financial crisis of 2008 and 2009.)</p>\n<p>I 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.</p>\n<h2>Be like Buffett?</h2>\n<p>Some 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&amp;P 500 index. And CAPE levels were higher during much of that period than they had been in a long time.</p>\n<p>However, 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&amp;P 500 and the returns over subsequent years.</p>\n<p>The 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.</p>\n<p>No, 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.</p>\n<p>I 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.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Here's Why Warren Buffett Isn't Buying Many Stocks Right Now</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHere's Why Warren Buffett Isn't Buying Many Stocks Right Now\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-10-18 10:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/10/17/heres-why-warren-buffett-isnt-buying-many-stocks-r/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>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 ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/10/17/heres-why-warren-buffett-isnt-buying-many-stocks-r/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.fool.com/investing/2021/10/17/heres-why-warren-buffett-isnt-buying-many-stocks-r/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2176421001","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.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":850949806,"gmtCreate":1634548109642,"gmtModify":1634548532914,"author":{"id":"3578371382142637","authorId":"3578371382142637","name":"Aoyjai","avatar":"https://static.tigerbbs.com/9dcf5c34602d2433f3133ca6c6fece6a","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3578371382142637","idStr":"3578371382142637"},"htmlText":"I will buy crypto and hold some cash… money printing slowing down soon","listText":"I will buy crypto and hold some cash… money printing slowing down soon","text":"I will buy crypto and hold some cash… money printing slowing down soon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/850949806","repostId":2176421001,"repostType":4,"repost":{"id":"2176421001","pubTimestamp":1634525538,"share":"https://www.laohu8.com/m/news/2176421001?lang=&edition=full","pubTime":"2021-10-18 10:52","market":"us","language":"en","title":"Here's Why Warren Buffett Isn't Buying Many Stocks Right Now","url":"https://stock-news.laohu8.com/highlight/detail?id=2176421001","media":"Motley Fool","summary":"And why you might want to copy the legendary investor's cautious approach.","content":"<p>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.</p>\n<p>The legendary investor has become one of the wealthiest people in the world by buying and holding stocks for his beloved <b>Berkshire Hathaway</b> (NYSE:BRK.A) (NYSE:BRK.B). However, Buffett isn't buying many stocks right now. And there's one simple reason why.</p>\n<p class=\"t-img-caption\"><img src=\"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F646095%2Fwarren-buffett-tmf.jpg&amp;w=700&amp;op=resize\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"><span>Image source: The Motley Fool.</span></p>\n<h2>Lots of cash, few new stocks</h2>\n<p>That 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.</p>\n<p>However, 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: <b>Aon</b>, <b>Kroger</b>, and&nbsp;<b>RH</b>.</p>\n<p>Sure, Berkshire also reported a brand-new position in <b>Organon</b>. However, that new stock in the conglomerate's portfolio was the result of <b>Merck</b>'s&nbsp;spin-off of its women's health business.</p>\n<h2>A value investor at heart</h2>\n<p>Buffett'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.</p>\n<p>With that in mind, take a look at the following chart. It shows the cyclically adjusted price-to-earnings (CAPE) for the S&amp;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&amp;P 500 divided by the average earnings over the previous 10 years adjusted for inflation.</p>\n<p class=\"t-img-caption\"><img src=\"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F646095%2Fsp-500-cyclically-adjusted-price-to-earnings-cape.png&amp;w=700&amp;op=resize\" tg-width=\"700\" tg-height=\"432\" width=\"100%\" height=\"auto\"><span>Data source: Robert Shiller, Yale University. Chart by author.</span></p>\n<p>Right now, the S&amp;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.</p>\n<p>Of course, we all know what happened after the market valuation reached such a lofty level. Stocks plunged. It took seven years for the S&amp;P to fully bounce back. (And then it nose-dived again with the financial crisis of 2008 and 2009.)</p>\n<p>I 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.</p>\n<h2>Be like Buffett?</h2>\n<p>Some 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&amp;P 500 index. And CAPE levels were higher during much of that period than they had been in a long time.</p>\n<p>However, 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&amp;P 500 and the returns over subsequent years.</p>\n<p>The 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.</p>\n<p>No, 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.</p>\n<p>I 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.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Here's Why Warren Buffett Isn't Buying Many Stocks Right Now</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHere's Why Warren Buffett Isn't Buying Many Stocks Right Now\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-10-18 10:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/10/17/heres-why-warren-buffett-isnt-buying-many-stocks-r/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>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 ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/10/17/heres-why-warren-buffett-isnt-buying-many-stocks-r/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.fool.com/investing/2021/10/17/heres-why-warren-buffett-isnt-buying-many-stocks-r/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2176421001","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.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":850965224,"gmtCreate":1634546316289,"gmtModify":1634546891694,"author":{"id":"3575091428590185","authorId":"3575091428590185","name":"HENRYCSC","avatar":"https://static.tigerbbs.com/6d47a6dec25b21dc547a5b982674c499","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3575091428590185","idStr":"3575091428590185"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/850965224","repostId":2176421001,"repostType":4,"repost":{"id":"2176421001","pubTimestamp":1634525538,"share":"https://www.laohu8.com/m/news/2176421001?lang=&edition=full","pubTime":"2021-10-18 10:52","market":"us","language":"en","title":"Here's Why Warren Buffett Isn't Buying Many Stocks Right Now","url":"https://stock-news.laohu8.com/highlight/detail?id=2176421001","media":"Motley Fool","summary":"And why you might want to copy the legendary investor's cautious approach.","content":"<p>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.</p>\n<p>The legendary investor has become one of the wealthiest people in the world by buying and holding stocks for his beloved <b>Berkshire Hathaway</b> (NYSE:BRK.A) (NYSE:BRK.B). However, Buffett isn't buying many stocks right now. And there's one simple reason why.</p>\n<p class=\"t-img-caption\"><img src=\"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F646095%2Fwarren-buffett-tmf.jpg&amp;w=700&amp;op=resize\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"><span>Image source: The Motley Fool.</span></p>\n<h2>Lots of cash, few new stocks</h2>\n<p>That 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.</p>\n<p>However, 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: <b>Aon</b>, <b>Kroger</b>, and&nbsp;<b>RH</b>.</p>\n<p>Sure, Berkshire also reported a brand-new position in <b>Organon</b>. However, that new stock in the conglomerate's portfolio was the result of <b>Merck</b>'s&nbsp;spin-off of its women's health business.</p>\n<h2>A value investor at heart</h2>\n<p>Buffett'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.</p>\n<p>With that in mind, take a look at the following chart. It shows the cyclically adjusted price-to-earnings (CAPE) for the S&amp;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&amp;P 500 divided by the average earnings over the previous 10 years adjusted for inflation.</p>\n<p class=\"t-img-caption\"><img src=\"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F646095%2Fsp-500-cyclically-adjusted-price-to-earnings-cape.png&amp;w=700&amp;op=resize\" tg-width=\"700\" tg-height=\"432\" width=\"100%\" height=\"auto\"><span>Data source: Robert Shiller, Yale University. Chart by author.</span></p>\n<p>Right now, the S&amp;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.</p>\n<p>Of course, we all know what happened after the market valuation reached such a lofty level. Stocks plunged. It took seven years for the S&amp;P to fully bounce back. (And then it nose-dived again with the financial crisis of 2008 and 2009.)</p>\n<p>I 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.</p>\n<h2>Be like Buffett?</h2>\n<p>Some 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&amp;P 500 index. And CAPE levels were higher during much of that period than they had been in a long time.</p>\n<p>However, 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&amp;P 500 and the returns over subsequent years.</p>\n<p>The 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.</p>\n<p>No, 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.</p>\n<p>I 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.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Here's Why Warren Buffett Isn't Buying Many Stocks Right Now</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHere's Why Warren Buffett Isn't Buying Many Stocks Right Now\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-10-18 10:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/10/17/heres-why-warren-buffett-isnt-buying-many-stocks-r/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>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 ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/10/17/heres-why-warren-buffett-isnt-buying-many-stocks-r/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.fool.com/investing/2021/10/17/heres-why-warren-buffett-isnt-buying-many-stocks-r/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2176421001","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.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":850915277,"gmtCreate":1634544965900,"gmtModify":1634544966516,"author":{"id":"3577771722524346","authorId":"3577771722524346","name":"Shishir","avatar":"https://static.tigerbbs.com/5bbb5ffb9814e2b46f518ffcbf85ff64","vip":1,"crmLevel":3,"crmLevelSwitch":0,"authorIdStr":"3577771722524346","idStr":"3577771722524346"},"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/850915277","repostId":2176421001,"repostType":4,"repost":{"id":"2176421001","pubTimestamp":1634525538,"share":"https://www.laohu8.com/m/news/2176421001?lang=&edition=full","pubTime":"2021-10-18 10:52","market":"us","language":"en","title":"Here's Why Warren Buffett Isn't Buying Many Stocks Right Now","url":"https://stock-news.laohu8.com/highlight/detail?id=2176421001","media":"Motley Fool","summary":"And why you might want to copy the legendary investor's cautious approach.","content":"<p>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.</p>\n<p>The legendary investor has become one of the wealthiest people in the world by buying and holding stocks for his beloved <b>Berkshire Hathaway</b> (NYSE:BRK.A) (NYSE:BRK.B). However, Buffett isn't buying many stocks right now. And there's one simple reason why.</p>\n<p class=\"t-img-caption\"><img src=\"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F646095%2Fwarren-buffett-tmf.jpg&amp;w=700&amp;op=resize\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"><span>Image source: The Motley Fool.</span></p>\n<h2>Lots of cash, few new stocks</h2>\n<p>That 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.</p>\n<p>However, 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: <b>Aon</b>, <b>Kroger</b>, and&nbsp;<b>RH</b>.</p>\n<p>Sure, Berkshire also reported a brand-new position in <b>Organon</b>. However, that new stock in the conglomerate's portfolio was the result of <b>Merck</b>'s&nbsp;spin-off of its women's health business.</p>\n<h2>A value investor at heart</h2>\n<p>Buffett'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.</p>\n<p>With that in mind, take a look at the following chart. It shows the cyclically adjusted price-to-earnings (CAPE) for the S&amp;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&amp;P 500 divided by the average earnings over the previous 10 years adjusted for inflation.</p>\n<p class=\"t-img-caption\"><img src=\"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F646095%2Fsp-500-cyclically-adjusted-price-to-earnings-cape.png&amp;w=700&amp;op=resize\" tg-width=\"700\" tg-height=\"432\" width=\"100%\" height=\"auto\"><span>Data source: Robert Shiller, Yale University. Chart by author.</span></p>\n<p>Right now, the S&amp;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.</p>\n<p>Of course, we all know what happened after the market valuation reached such a lofty level. Stocks plunged. It took seven years for the S&amp;P to fully bounce back. (And then it nose-dived again with the financial crisis of 2008 and 2009.)</p>\n<p>I 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.</p>\n<h2>Be like Buffett?</h2>\n<p>Some 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&amp;P 500 index. And CAPE levels were higher during much of that period than they had been in a long time.</p>\n<p>However, 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&amp;P 500 and the returns over subsequent years.</p>\n<p>The 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.</p>\n<p>No, 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.</p>\n<p>I 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.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Here's Why Warren Buffett Isn't Buying Many Stocks Right Now</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHere's Why Warren Buffett Isn't Buying Many Stocks Right Now\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-10-18 10:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/10/17/heres-why-warren-buffett-isnt-buying-many-stocks-r/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>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 ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/10/17/heres-why-warren-buffett-isnt-buying-many-stocks-r/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.fool.com/investing/2021/10/17/heres-why-warren-buffett-isnt-buying-many-stocks-r/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2176421001","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.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":850931509,"gmtCreate":1634544338175,"gmtModify":1634544527455,"author":{"id":"3575944618458188","authorId":"3575944618458188","name":"ZJ0429","avatar":"https://static.tigerbbs.com/cf7036ebe7fa36be18d7ae7011969bab","vip":1,"crmLevel":3,"crmLevelSwitch":0,"authorIdStr":"3575944618458188","idStr":"3575944618458188"},"htmlText":"ok","listText":"ok","text":"ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/850931509","repostId":2176421001,"repostType":4,"repost":{"id":"2176421001","pubTimestamp":1634525538,"share":"https://www.laohu8.com/m/news/2176421001?lang=&edition=full","pubTime":"2021-10-18 10:52","market":"us","language":"en","title":"Here's Why Warren Buffett Isn't Buying Many Stocks Right Now","url":"https://stock-news.laohu8.com/highlight/detail?id=2176421001","media":"Motley Fool","summary":"And why you might want to copy the legendary investor's cautious approach.","content":"<p>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.</p>\n<p>The legendary investor has become one of the wealthiest people in the world by buying and holding stocks for his beloved <b>Berkshire Hathaway</b> (NYSE:BRK.A) (NYSE:BRK.B). However, Buffett isn't buying many stocks right now. And there's one simple reason why.</p>\n<p class=\"t-img-caption\"><img src=\"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F646095%2Fwarren-buffett-tmf.jpg&amp;w=700&amp;op=resize\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"><span>Image source: The Motley Fool.</span></p>\n<h2>Lots of cash, few new stocks</h2>\n<p>That 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.</p>\n<p>However, 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: <b>Aon</b>, <b>Kroger</b>, and&nbsp;<b>RH</b>.</p>\n<p>Sure, Berkshire also reported a brand-new position in <b>Organon</b>. However, that new stock in the conglomerate's portfolio was the result of <b>Merck</b>'s&nbsp;spin-off of its women's health business.</p>\n<h2>A value investor at heart</h2>\n<p>Buffett'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.</p>\n<p>With that in mind, take a look at the following chart. It shows the cyclically adjusted price-to-earnings (CAPE) for the S&amp;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&amp;P 500 divided by the average earnings over the previous 10 years adjusted for inflation.</p>\n<p class=\"t-img-caption\"><img src=\"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F646095%2Fsp-500-cyclically-adjusted-price-to-earnings-cape.png&amp;w=700&amp;op=resize\" tg-width=\"700\" tg-height=\"432\" width=\"100%\" height=\"auto\"><span>Data source: Robert Shiller, Yale University. Chart by author.</span></p>\n<p>Right now, the S&amp;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.</p>\n<p>Of course, we all know what happened after the market valuation reached such a lofty level. Stocks plunged. It took seven years for the S&amp;P to fully bounce back. (And then it nose-dived again with the financial crisis of 2008 and 2009.)</p>\n<p>I 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.</p>\n<h2>Be like Buffett?</h2>\n<p>Some 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&amp;P 500 index. And CAPE levels were higher during much of that period than they had been in a long time.</p>\n<p>However, 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&amp;P 500 and the returns over subsequent years.</p>\n<p>The 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.</p>\n<p>No, 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.</p>\n<p>I 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.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Here's Why Warren Buffett Isn't Buying Many Stocks Right Now</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHere's Why Warren Buffett Isn't Buying Many Stocks Right Now\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-10-18 10:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/10/17/heres-why-warren-buffett-isnt-buying-many-stocks-r/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>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 ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/10/17/heres-why-warren-buffett-isnt-buying-many-stocks-r/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.fool.com/investing/2021/10/17/heres-why-warren-buffett-isnt-buying-many-stocks-r/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2176421001","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.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":850930829,"gmtCreate":1634544101356,"gmtModify":1634544101971,"author":{"id":"3582025954833628","authorId":"3582025954833628","name":"LplMichelle","avatar":"https://static.tigerbbs.com/f3f2fe5070ffb7507fcc119e4bce015e","vip":1,"crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"3582025954833628","idStr":"3582025954833628"},"htmlText":"Please comment and like","listText":"Please comment and like","text":"Please comment and like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/850930829","repostId":2176421001,"repostType":4,"repost":{"id":"2176421001","pubTimestamp":1634525538,"share":"https://www.laohu8.com/m/news/2176421001?lang=&edition=full","pubTime":"2021-10-18 10:52","market":"us","language":"en","title":"Here's Why Warren Buffett Isn't Buying Many Stocks Right Now","url":"https://stock-news.laohu8.com/highlight/detail?id=2176421001","media":"Motley Fool","summary":"And why you might want to copy the legendary investor's cautious approach.","content":"<p>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.</p>\n<p>The legendary investor has become one of the wealthiest people in the world by buying and holding stocks for his beloved <b>Berkshire Hathaway</b> (NYSE:BRK.A) (NYSE:BRK.B). However, Buffett isn't buying many stocks right now. And there's one simple reason why.</p>\n<p class=\"t-img-caption\"><img src=\"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F646095%2Fwarren-buffett-tmf.jpg&amp;w=700&amp;op=resize\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"><span>Image source: The Motley Fool.</span></p>\n<h2>Lots of cash, few new stocks</h2>\n<p>That 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.</p>\n<p>However, 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: <b>Aon</b>, <b>Kroger</b>, and&nbsp;<b>RH</b>.</p>\n<p>Sure, Berkshire also reported a brand-new position in <b>Organon</b>. However, that new stock in the conglomerate's portfolio was the result of <b>Merck</b>'s&nbsp;spin-off of its women's health business.</p>\n<h2>A value investor at heart</h2>\n<p>Buffett'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.</p>\n<p>With that in mind, take a look at the following chart. It shows the cyclically adjusted price-to-earnings (CAPE) for the S&amp;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&amp;P 500 divided by the average earnings over the previous 10 years adjusted for inflation.</p>\n<p class=\"t-img-caption\"><img src=\"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F646095%2Fsp-500-cyclically-adjusted-price-to-earnings-cape.png&amp;w=700&amp;op=resize\" tg-width=\"700\" tg-height=\"432\" width=\"100%\" height=\"auto\"><span>Data source: Robert Shiller, Yale University. Chart by author.</span></p>\n<p>Right now, the S&amp;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.</p>\n<p>Of course, we all know what happened after the market valuation reached such a lofty level. Stocks plunged. It took seven years for the S&amp;P to fully bounce back. (And then it nose-dived again with the financial crisis of 2008 and 2009.)</p>\n<p>I 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.</p>\n<h2>Be like Buffett?</h2>\n<p>Some 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&amp;P 500 index. And CAPE levels were higher during much of that period than they had been in a long time.</p>\n<p>However, 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&amp;P 500 and the returns over subsequent years.</p>\n<p>The 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.</p>\n<p>No, 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.</p>\n<p>I 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.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Here's Why Warren Buffett Isn't Buying Many Stocks Right Now</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHere's Why Warren Buffett Isn't Buying Many Stocks Right Now\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-10-18 10:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/10/17/heres-why-warren-buffett-isnt-buying-many-stocks-r/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>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 ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/10/17/heres-why-warren-buffett-isnt-buying-many-stocks-r/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.fool.com/investing/2021/10/17/heres-why-warren-buffett-isnt-buying-many-stocks-r/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2176421001","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.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6239333,"gmtCreate":1634544562974,"gmtModify":1634632418494,"authorId":3585350696038563,"author":{"id":3585350696038563,"idStr":"3585350696038563","authorId":3585350696038563,"name":"JPTL","avatar":"https://static.tigerbbs.com/6f6dde4c2c1d83e8d80141b547948419","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":850930829,"type":1,"supId":0,"prevId":0,"content":"<u>ok</u>","text":"<u>ok</u>","html":"<u>ok</u>"},{"id":6239425,"gmtCreate":1634544988387,"gmtModify":1634632413562,"authorId":3577771722524346,"author":{"id":3577771722524346,"idStr":"3577771722524346","authorId":3577771722524346,"name":"Shishir","avatar":"https://static.tigerbbs.com/5bbb5ffb9814e2b46f518ffcbf85ff64","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":850930829,"type":1,"supId":0,"prevId":0,"content":"<u>done</u>","text":"<u>done</u>","html":"<u>done</u>"},{"id":6245345,"gmtCreate":1634597446091,"gmtModify":1634631992472,"authorId":3567307840510045,"author":{"id":3567307840510045,"idStr":"3567307840510045","authorId":3567307840510045,"name":"JeremyKok","avatar":"https://static.tigerbbs.com/01b03a485f83b6b2615fad8ac9b87bf4","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":850930829,"type":1,"supId":0,"prevId":0,"content":"hi. please like and comment back. thank you.","text":"hi. please like and comment back. thank you.","html":"hi. please like and comment back. thank you."}],"langContent":"CN"},{"id":850994464,"gmtCreate":1634543972772,"gmtModify":1634543975352,"author":{"id":"3576232257279797","authorId":"3576232257279797","name":"dandan_4896","avatar":"https://static.tigerbbs.com/d8b00e27a4dd6f248e38c3d78f21f188","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3576232257279797","idStr":"3576232257279797"},"htmlText":"Sot","listText":"Sot","text":"Sot","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/850994464","repostId":2176421001,"repostType":4,"repost":{"id":"2176421001","pubTimestamp":1634525538,"share":"https://www.laohu8.com/m/news/2176421001?lang=&edition=full","pubTime":"2021-10-18 10:52","market":"us","language":"en","title":"Here's Why Warren Buffett Isn't Buying Many Stocks Right Now","url":"https://stock-news.laohu8.com/highlight/detail?id=2176421001","media":"Motley Fool","summary":"And why you might want to copy the legendary investor's cautious approach.","content":"<p>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.</p>\n<p>The legendary investor has become one of the wealthiest people in the world by buying and holding stocks for his beloved <b>Berkshire Hathaway</b> (NYSE:BRK.A) (NYSE:BRK.B). However, Buffett isn't buying many stocks right now. And there's one simple reason why.</p>\n<p class=\"t-img-caption\"><img src=\"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F646095%2Fwarren-buffett-tmf.jpg&amp;w=700&amp;op=resize\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"><span>Image source: The Motley Fool.</span></p>\n<h2>Lots of cash, few new stocks</h2>\n<p>That 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.</p>\n<p>However, 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: <b>Aon</b>, <b>Kroger</b>, and&nbsp;<b>RH</b>.</p>\n<p>Sure, Berkshire also reported a brand-new position in <b>Organon</b>. However, that new stock in the conglomerate's portfolio was the result of <b>Merck</b>'s&nbsp;spin-off of its women's health business.</p>\n<h2>A value investor at heart</h2>\n<p>Buffett'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.</p>\n<p>With that in mind, take a look at the following chart. It shows the cyclically adjusted price-to-earnings (CAPE) for the S&amp;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&amp;P 500 divided by the average earnings over the previous 10 years adjusted for inflation.</p>\n<p class=\"t-img-caption\"><img src=\"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F646095%2Fsp-500-cyclically-adjusted-price-to-earnings-cape.png&amp;w=700&amp;op=resize\" tg-width=\"700\" tg-height=\"432\" width=\"100%\" height=\"auto\"><span>Data source: Robert Shiller, Yale University. Chart by author.</span></p>\n<p>Right now, the S&amp;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.</p>\n<p>Of course, we all know what happened after the market valuation reached such a lofty level. Stocks plunged. It took seven years for the S&amp;P to fully bounce back. (And then it nose-dived again with the financial crisis of 2008 and 2009.)</p>\n<p>I 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.</p>\n<h2>Be like Buffett?</h2>\n<p>Some 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&amp;P 500 index. And CAPE levels were higher during much of that period than they had been in a long time.</p>\n<p>However, 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&amp;P 500 and the returns over subsequent years.</p>\n<p>The 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.</p>\n<p>No, 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.</p>\n<p>I 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.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Here's Why Warren Buffett Isn't Buying Many Stocks Right Now</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHere's Why Warren Buffett Isn't Buying Many Stocks Right Now\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-10-18 10:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/10/17/heres-why-warren-buffett-isnt-buying-many-stocks-r/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>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 ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/10/17/heres-why-warren-buffett-isnt-buying-many-stocks-r/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.fool.com/investing/2021/10/17/heres-why-warren-buffett-isnt-buying-many-stocks-r/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2176421001","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.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6239281,"gmtCreate":1634544119822,"gmtModify":1634632422975,"authorId":3582025954833628,"author":{"id":3582025954833628,"idStr":"3582025954833628","authorId":3582025954833628,"name":"LplMichelle","avatar":"https://static.tigerbbs.com/f3f2fe5070ffb7507fcc119e4bce015e","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":850994464,"type":1,"supId":0,"prevId":0,"content":"ok","text":"ok","html":"ok"}],"langContent":"CN"},{"id":850992718,"gmtCreate":1634543714664,"gmtModify":1634543715027,"author":{"id":"3577445690140943","authorId":"3577445690140943","name":"Sonson89","avatar":"https://static.tigerbbs.com/bb78553b48c28648b70634c067b819ec","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3577445690140943","idStr":"3577445690140943"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/850992718","repostId":2176421001,"repostType":4,"repost":{"id":"2176421001","pubTimestamp":1634525538,"share":"https://www.laohu8.com/m/news/2176421001?lang=&edition=full","pubTime":"2021-10-18 10:52","market":"us","language":"en","title":"Here's Why Warren Buffett Isn't Buying Many Stocks Right Now","url":"https://stock-news.laohu8.com/highlight/detail?id=2176421001","media":"Motley Fool","summary":"And why you might want to copy the legendary investor's cautious approach.","content":"<p>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.</p>\n<p>The legendary investor has become one of the wealthiest people in the world by buying and holding stocks for his beloved <b>Berkshire Hathaway</b> (NYSE:BRK.A) (NYSE:BRK.B). However, Buffett isn't buying many stocks right now. And there's one simple reason why.</p>\n<p class=\"t-img-caption\"><img src=\"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F646095%2Fwarren-buffett-tmf.jpg&amp;w=700&amp;op=resize\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"><span>Image source: The Motley Fool.</span></p>\n<h2>Lots of cash, few new stocks</h2>\n<p>That 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.</p>\n<p>However, 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: <b>Aon</b>, <b>Kroger</b>, and&nbsp;<b>RH</b>.</p>\n<p>Sure, Berkshire also reported a brand-new position in <b>Organon</b>. However, that new stock in the conglomerate's portfolio was the result of <b>Merck</b>'s&nbsp;spin-off of its women's health business.</p>\n<h2>A value investor at heart</h2>\n<p>Buffett'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.</p>\n<p>With that in mind, take a look at the following chart. It shows the cyclically adjusted price-to-earnings (CAPE) for the S&amp;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&amp;P 500 divided by the average earnings over the previous 10 years adjusted for inflation.</p>\n<p class=\"t-img-caption\"><img src=\"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F646095%2Fsp-500-cyclically-adjusted-price-to-earnings-cape.png&amp;w=700&amp;op=resize\" tg-width=\"700\" tg-height=\"432\" width=\"100%\" height=\"auto\"><span>Data source: Robert Shiller, Yale University. Chart by author.</span></p>\n<p>Right now, the S&amp;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.</p>\n<p>Of course, we all know what happened after the market valuation reached such a lofty level. Stocks plunged. It took seven years for the S&amp;P to fully bounce back. (And then it nose-dived again with the financial crisis of 2008 and 2009.)</p>\n<p>I 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.</p>\n<h2>Be like Buffett?</h2>\n<p>Some 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&amp;P 500 index. And CAPE levels were higher during much of that period than they had been in a long time.</p>\n<p>However, 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&amp;P 500 and the returns over subsequent years.</p>\n<p>The 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.</p>\n<p>No, 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.</p>\n<p>I 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.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Here's Why Warren Buffett Isn't Buying Many Stocks Right Now</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHere's Why Warren Buffett Isn't Buying Many Stocks Right Now\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-10-18 10:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/10/17/heres-why-warren-buffett-isnt-buying-many-stocks-r/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>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 ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/10/17/heres-why-warren-buffett-isnt-buying-many-stocks-r/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.fool.com/investing/2021/10/17/heres-why-warren-buffett-isnt-buying-many-stocks-r/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2176421001","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.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6263119,"gmtCreate":1634715983539,"gmtModify":1634715983539,"authorId":3575195102402470,"author":{"id":3575195102402470,"idStr":"3575195102402470","authorId":3575195102402470,"name":"WarSlasher","avatar":"https://static.tigerbbs.com/0c98b196bb3a5da8bb25c9d45e23a4ce","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":850992718,"type":1,"supId":0,"prevId":0,"content":"ok","text":"ok","html":"ok"},{"id":6239263,"gmtCreate":1634543949470,"gmtModify":1634632424182,"authorId":3578711977399761,"author":{"id":3578711977399761,"idStr":"3578711977399761","authorId":3578711977399761,"name":"Zko","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":850992718,"type":1,"supId":0,"prevId":0,"content":"<u>ok</u>","text":"<u>ok</u>","html":"<u>ok</u>"}],"langContent":"CN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":359,"commentSize":79,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}