🎁Buffett Holds Record Cash! A Red Flag or a Classic Value Play?
@Tiger_chat:
Warren Buffett has significantly reduced his U.S. stock holdings, including selling over half of his $Apple(AAPL)$. His cash and cash equivalents have reached an unprecedented $227 billion, the highest since 2005, just before the 2008 financial crisis.Buffett previously exited the market before major downturns in the 1970s and 2008, re-entering only when stocks were undervalued.Due to Buffett's previous success in avoiding market crashes, there is concern that his recent sell-off may signal a brewing larger crisis.However, some believe that this reduction aligns with Buffett's value investing philosophy. Currently, Apple's P/E (around 30 times) is far higher than when he originally purchased it. The current market is overvalued in terms of Buffett