Stocks Analysis by Investing.com (Francesco Casarella) covering: Apple Inc, Berkshire Hathaway B. Read Investing.com (Francesco Casarella)'s latest article on Investing.com
He prefers short-term bonds over stocks at current valuations, suggesting he expects a market correction.BRKb
While the Apple stake reduction was attributed to "profit-taking," it's worth noting that Apple alone represents a significant portion of the magnificent 7 companies with a combined market capitalization of approximately $13 trillion.Buffett emphasizes that with current valuations, holding cash in short-term government bonds yielding over 5% is preferable to the stock market. In other words, he's waiting for a major market correction before resuming buying.
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