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Warren Buffett Just Hit the Buy Button for $563 Million. Is the Oracle of Omaha Starting to See Value in the Stock Market?
ORCLOracle(ORCL) The Motley Fool·2024-12-26 13:15

Warren Buffett's company Berkshire Hathaway (BRK.A 0.80%) (BRK.B 0.95%) has been stockpiling cash all year. At the end of the third quarter of 2024, Berkshire had over 320billionofcashandshort−termTreasurybills.Manyseethisasadeafeningwarningtoinvestorsthatthemarket,whichhasset57all−timehighsandtopped6,000forseveralperiodsthisyear,isdueforapullbacksoonerratherthanlater.Recently,however,BuffettandBerkshirescoopedup320 billion of cash and short-term Treasury bills.Many see this as a deafening warning to investors that the market, which has set 57 all-time highs and topped 6,000 for several periods this year, is due for a pullback sooner rather than later. Recently, however, Buffett and Berkshire scooped up 563 million of stock in three companies, disc ...