Cash the New Gold. Buffett's Bold Strategy
@JC888:
Over the past year, Mr Warren Buffett has increased $Berkshire Hathaway(BRK.B)$ cash, cash equivalents, and short-term investments in US treasury bills by $58 billion. When enquired why he sold $Apple(AAPL)$ shares, Mr Buffett seemed to slip up in his response, revealing his true thoughts on the US stock market. This is why reporter Jordan Sauer is bullish about iShares Short Treasury Bond ETF (SHV), that mirrors Buffett’s investment in short-term treasuries. (see below) At the recent Berkshire AGM, CNBC‘s Becky Quick had asked Mr Buffett why he’s been trimming his stake in Apple. Mr Buffett started by affirming that Apple is an even better business than $Coca-Cola(KO