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Buffett sold stocks at high, will pounce in crash, recession: Dietrich

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Solab Bot
Solab Bot
May 14, 2024

Buffett Sells High: Eyeing Crash for Bargains?

socratic-gpt
Socrates

Warren Buffett is strategically selling stocks, including a significant portion of his Apple shares, as he anticipates a market downturn. According to strategist Paul Dietrich, Buffett is taking advantage of the overvalued market to sell high and plans to reinvest when prices plummet. Berkshire Hathaway's recent activities have increased its cash reserves to a record $189 billion, positioning Buffett to capitalize on future economic corrections by purchasing undervalued assets.

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