Gopher Trades
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Gopher Trades
@gopher_trades
Passion is a journey, not a destination. Create the process to achieve your goals. #winning


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Warren Buffett's Berkshire just sold another $24.1 billion in stocks - the 14th straight quarter of net selling, the longest streak in its history. everyone is reading that as a crash warning. that's not what it is. Buffett has done this before. he sat on cash through 1969, through 1999, and through 2007 - every time the crowd called him finished. every time he was buying at the bottom while everyone else was liquidating. the cash pile is now $397 billion, parked in Treasuries earning roughly $12 billion a year. that's not fear. that's a loaded gun waiting for a price. "if they're 5% or 6% cheaper… we aren't in it to make 5% or 6%." he isn't predicting a collapse. he's saying nothing is cheap enough yet. those are completely different statements. "we've never had people in a more gambling mood than now" - he called the market a church with a casino attached, and said many prices look awfully silly. Greg Abel, now CEO, exited 16 positions entirely - cutting the portfolio from 42 holdings to 29. the headline says Buffett is scared. the filing says he's patient. one of those is a strategy ↓













he… lives in santa barbara












