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Why is Buffett stockpiling a huge amount of Cash / Money Market to head for 2025?
Buffett observers believe that he is still patiently waiting for the right moment to make a "big elephant Trade" and that building a large Cash reserve is also beneficial for his successor.
Insider Trades: Berkshire Adds OXY, Nvidia & Salesforce Among Notable Names This Week
By increasing shareholding in Occidental Petroleum, Buffett has contradicted one of his principles.
According to estimates from Barron's, reducing the shareholding in Apple caused Buffett to miss out on over $35 billion in earnings. Meanwhile, Occidental Petroleum and Sirius XM have both seen significant declines this year, with stock prices consistently below Berkshire's average buying cost. Buffett seems to be "pulling flowers and watering weeds."
Important signal? Buffett once again "sweeps up" Occidental Petroleum and three other companies.
Berkshire has purchased stocks worth over 0.56 billion dollars in the past three trading days.
Occidental Petroleum Rises After Berkshire Hathaway Raises Stake
Berkshire Hathaway Trades Above 50-Day SMA: What to Do With the Stock?