The old man still knows a thing or two. What Buffet is saying here is that the market is so overvalued that he’d rather sit on cash making 5.4%, and in fact, he’d still sit on that cash even if it was only making 1%.
“We only swing at pitches we like.”
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8:16 am on May 7, 2024Warren Buffett on valuations today…
“I don’t think anyone at this table has any idea of how to use it [$189B in cash] effectively, and therefore we don’t use it. We only swing at pitches we like… today things aren’t attractive. We’re not using it at 5.4%, but I wouldn’t use it… pic.twitter.com/1Knd6ByVM5
— Geiger Capital (@Geiger_Capital) May 4, 2024
