• Warren Buffett's surprising financial moves before the election

  • Nov 4 2024
  • Length: 1 min
  • Podcast

Warren Buffett's surprising financial moves before the election

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  • Summary

  • Warren Buffett's Berkshire Hathaway increases cash reserves, sells stocks, and halts stock buybacks in anticipation of market fluctuations linked to the upcoming election. The company now holds around one hundred billion dollars in cash. This approach demonstrates caution in response to economic uncertainty. The sale of major holdings, like Chevron, indicates a strategic shift. Halting buybacks allows the company to prepare for potential investment opportunities once the political landscape stabilizes.

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