💼【Buffett's 5 precise withdrawals】📉
1️⃣ May 1969: The stock market was overheated, and Buffett dissolved the partnership (similar to a private equity fund) that had been operating for 13 years. Subsequently, the S&P 500 and the Dow Jones both plummeted by 35%! ⚠️
2️⃣ Before the 1987 stock market crash: Buffett sold almost all of his stocks, leaving only Capital Cities, Geico and the Washington Post. Two months later, the S&P 500 and the Dow Jones both plummeted by more than 33%! 📉
3️⃣ 1999: Buffett was bearish on technology stocks, and the Nasdaq subsequently plummeted by 78%! 🔻
4️⃣ Before the 2007 financial crisis: Buffett significantly reduced his holdings in US stocks and made 7 times the profit by selling out PetroChina. After the financial crisis, he successfully bottomed out and became the world's richest man in 2008. 💰
5️⃣ This year: Buffett once again reduced his holdings in Apple and Bank of America, and his current cash position is as high as 270 billion US dollars! Nasdaq PE 32 times, PB 8.62 times, the market valuation is once again close to the historical high. ⏳
Buffett's precise withdrawal is a weather vane for us to learn from! 📊
#以太坊基金会 #HARD #SLF #RDNT #STMX $QKC $REN $HARD
