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๐— ๐—ฒ๐—ฒ๐˜ ๐—•๐—ผ๐—ฏ, ๐˜๐—ต๐—ฒ ๐˜„๐—ผ๐—ฟ๐—น๐—ฑ'๐˜€ ๐˜„๐—ผ๐—ฟ๐˜€๐˜ ๐—บ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐˜๐—ถ๐—บ๐—ฒ๐—ฟ Bob only bought at all-time highs: 1973, 1987, the dot-com peak, the GFC. He never sold. The IRR still came in around 8% a year. "He still ended up a millionaire because he just kept his money in stocks." - Ben Carlson...

51,209 views โ€ข 1 month ago โ€ขvia X (Twitter)

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Warren Buffett built the biggest cash pile in market history. He spent three years selling stocks and buying almost nothing. Then he stepped aside, and his successor did the EXACT opposite. The crazy part? He just made INSANE history... Buffett had piled up nearly 400 billion dollars in cash. That is more money than most whole countries produce. He kept it in safe government bonds earning about 4 percent. He was quietly waiting for stocks to get cheap again. That crash never came and the market kept setting records. So his giant cash pile just sat there and waited. That cash still earned him over 12 billion dollars yearly. He even sold most of his huge Apple stake along the way. Early this year the company bought back almost no stock. It spent only 234 million dollars, tiny for a giant like this. Then Abel took over and the pace suddenly exploded. Early filings suggest he bought back billions in one quarter. It may be the biggest stock buyback in Berkshire's history. A buyback simply means he judged his own stock as cheap. Now comes the part almost everyone missed. He did not pour that cash into the record-high market. He bought Berkshire's own shares instead. He also spent 8.5 billion dollars buying a homebuilder. Buying his own company was the one bet he trusted. Most people watched stocks hit new highs and piled in. The best investor alive was quietly doing the opposite. Berkshire even trailed the market by about seven points this year. He treated nearly every other stock as too expensive. He would rather hold cash than overpay for anything. Sitting in cash looked boring and even wrong for years. But patient and boring is often how real money is made. The crowd chases the top while the patient wait for value. Retail chased the record highs. The patient waited for the price. That's the whole game.

Logan Weaver

53,947 views โ€ข 11 days ago