Warren Buffett saw the selloff coming and hoarded cash, analyst says, as markets await his next move — ‘patience is more than a virtue, it’s a weapon’

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Warren Buffett saw the selloff coming and hoarded cash, analyst says, as markets await his next move — ‘patience is more than a virtue, it’s a weapon’ - Fortune

Quick Summary:

"Buffett’s actions over the past year have been a textbook example of positioning for turbulence".

Additionally, Buffett has shown keen interest in Japanese trading companies, suggesting “a growing appetite for international diversification,” Gonzalez said.

She added that valuations are still not dirt cheap, while the cash Buffett has parked in Treasury bonds is yielding him a good return and the competitive environment for deals has changed.