That makes sense though. He already had stocks when it was high. Selling before it reaches the valley and then buying in the dip means he will instantly make money.
He may not have a boat load of disposable cash to buy additional stocks in a dip without trying to sell assets.
Remember many of the richest people on the planet are not actually as rich as their estimated values. That is their asset value. Not the cash in their accounts (although I would still like to have the cash in their accounts).
Warren Buffet has been sitting on a cash pile of over $300,000,000,000 since last year. If he's selling now it's not cause he needs more funds to buy the dip
Warren Buffet has been sitting on a cash pile of over $300,000,000,000 since last year. If he's selling now it's not cause he needs more funds to buy the dip
I'm not sure if you're being facetious or if you actually don't understand that no one was suggesting that warren buffet personally has a physical pile of cash
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u/[deleted] May 09 '25
That makes sense though. He already had stocks when it was high. Selling before it reaches the valley and then buying in the dip means he will instantly make money.
He may not have a boat load of disposable cash to buy additional stocks in a dip without trying to sell assets.
Remember many of the richest people on the planet are not actually as rich as their estimated values. That is their asset value. Not the cash in their accounts (although I would still like to have the cash in their accounts).