Core Insights - Warren Buffett has been a net seller of stocks for 12 consecutive quarters, indicating a negative outlook as he prepares to step down as CEO of Berkshire Hathaway [2][3] Group 1: Investment Strategy - Buffett emphasizes not to panic, suggesting that while he has sold stocks, he has not done so in a frenzy, maintaining a portfolio of over 40 stocks valued at over $300 billion [5][6][7] - Building cash is a strategic move, with Berkshire holding a record cash stockpile of approximately $382 billion, allowing for future investments when prices become more attractive [11][13] - Selective buying remains a key strategy, with Buffett purchasing stocks that have attractive valuations relative to their growth prospects, adhering to consistent investment criteria [14][15][16]