Warren Buffett is buying. That’s good enough for me.
In 2020, (stupid) people were roasting Buffett and Munger for not buying into a roaring market: https://www.fool.com/investing/2020/05/18/im-sorry-warren-buffett-im-not-buying-your-stock.aspx
“We have not done anything, because we don’t see anything that attractive to do,” said Buffett, chairman and CEO of Berkshire Hathaway.” Buffett said in May of 2020.
However, last quarter, Buffett spent over $50 billion. The majority of that went to increasing his stake in oil and railroads, but he also purchased a large number of shares in HP, Activision, and Apple: https://finance.yahoo.com/news/berkshire-buys-more-occidental-shares-042631213.html
So, while nobody knows if this is the bottom or if we have far further to drop, as long as the Oracle of Omaha is buying, I am too.
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