May 5, 2024 Grandpa checks in
The annual Buffett shareholder meeting was held yesterday, a grand event that countless investors yearn for. The old man answered some of the key questions that the public is concerned about. Next, Berkshire will continue to hold shares of Apple, Coca-Cola and American Express, and continue to make its own value investments.
There is a common question: Berkshire currently has $180 billion in cash reserves. What is it waiting for? Why not use it for investment? Buffett said: Many people swing their baseball bats at any time, but he only swings at the right time. There are not enough attractive investment targets now, but that may change later.
In recent years, Berkshire has been sitting on a lot of cash, but because the performance of US stocks has been relatively stable, it has not found an opportunity to sell. I think this is worth learning. If you focus on long-term investment, you must have enough patience to wait for the emergence of value depressions, and don't use up all your money easily before the perfect opportunity appears.
In terms of market conditions, the short-term rebound failed to continue the big breakthrough, but being able to stay at this position is good news for the future market. In the short-term market, this wave of rebound has further consolidated the support level. I will look at the rebound position a little higher, but there should be a chance of a decline in the later period.
Thank you for your attention and likes.