Rare! Berkshire has net sold stocks for 9 consecutive quarters
Berkshire Hathaway net sold $6.7 billion in stocks in the fourth quarter of last year, marking the ninth consecutive quarter of stock sales, setting a record for the longest in the company's history. Buffett stated that although the cash holdings have reached a record high, he prefers to hold shares in excellent companies, indicating that he is facing difficulties in finding suitable investment opportunities
What does it mean when the stock god no longer buys stocks?
In the fourth quarter of last year, Berkshire Hathaway, led by Warren Buffett, net sold $6.7 billion worth of stocks; this marks the ninth consecutive quarter that Berkshire has sold stocks (since 2016, Berkshire has not made any large-scale acquisitions for the entire company), which is the longest period in the company's history...
At the same time, Berkshire's cash holdings have reached new highs.
In his annual letter to investors, the stock god stated: compared to holding shares in good companies, he will never prefer cash.
The implication is that for nine consecutive quarters, Buffett has not found any "good companies" to buy.
