Does Warren Buffett Know Something Wall Street Doesn't? The Billionaire Is Hoarding Hundreds of Billions in Cash and Only Owns 2 "Magnificent Seven" Stocks

Widely considered the greatest investor of all time, Warren Buffett and his firm Berkshire Hathaway draw constant attention from the broader stock market. Now, with the Oracle of Omaha set to step down as the company's CEO after about six decades on the job, investors are going to be scrutinizing Berkshire's last few quarters of the year extra carefully.Warren Buffett and his team have never been afraid to sit out when they feel the market is too frothy or invest in stocks that go against the grain. While most investors have piled into a bull market now well into its third year, Berkshire has been hoarding hundreds of billions in cash and only holds a few of the Magnificent Seven stocks that consume much of the broader benchmark S&P 500. Does Buffett know something that Wall Street doesn't?Image source: Motley Fool.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool