Let me explain why I want to undertake this thankless task. In the second quarter, when Buffett reduced his holdings, there was an extreme market scenario because the market speculated that Buffett anticipated a potential economic recession. However, a quarter later, not only did the U.S. not experience an economic recession, but the U.S. stock market also performed even better, and #BTC also rose further.

So this time, when he reduced his holdings again, I wanted to truly understand from the data whether Buffett necessarily anticipated the possibility of an economic recession. In reality, during several reductions, Buffett did not predict an economic issue, but rather adjusted his expectations for certain sectors. For example, during the pandemic in 2020, Buffett believed that the pandemic might affect public travel, so he reduced his airline holdings.

It seems like a very correct outcome, but it is important to note that Buffett still holds more shares in companies like Apple, American Express, Bank of America, and Coca-Cola. During an economic recession, these stocks also experienced significant pullbacks. If Buffett had predicted a recession, he would have inevitably adjusted all his holdings, not just those related to a specific sector.

Therefore, I want to use data to let everyone know that although Buffett is a stock god, he is still human and not so divine that his reduction of holdings guarantees an economic recession. Even during periods of economic recovery or growth, Buffett will still adjust his stock holdings.

To Buffett may not necessarily be correct; although it is a thankless task, I still want to give it a try.