Via Global Macro Monitor,
Stock prices are very high and, clearly, Warren Buffett is not a practitioner of the “greater fool theory,” which have made many a trader short-term rich and long-term poor. Our long-term money and view (until the market breaks) is with Warren, the 4th richest person in the world with estimated wealth of $85 billion.
Yet, the idjits have the gall to mock this man for holding so much cash.
Ramp Capital
@RampCapitalLLC
Because they’re analysts? https://twitter.com/CNBC/status/1196031758145339393 …
CNBC
✔
@CNBC
Warren Buffett has $128 billion in cash and analysts can't figure out why he isn't spending it. HMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM LOL,,,,,,,,,
Nothing new, we have seen this picture before in the bubbles of Christmas past.
Have they not heard or understand his simple investment philosophy that his made him billions?
http://www.zerohedge.com/markets/whatever-happened-buy-low-sell-high?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29
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