🚨 Warren Buffett is sitting on $397 BILLION in cash.
That's not a portfolio decision. That's a message.
The most studied investor in human history a man who has preached "be greedy when others are fearful" for 60 years just sold a net $8.1B in stocks and walked away from the market.
Again.
Let the number breathe for a second.
$339.3 billion in U.S. Treasury bills alone.
More than the Federal Reserve holds. More than most foreign central banks on the planet.
Berkshire Hathaway is no longer just a company. It's functioning as a sovereign wealth fund that answers to no government.
And it's in cash.
This isn't Buffett being cautious. This is Buffett seeing something.
The man doesn't do this for yield. T-bills at 4-5% don't move the needle when you're running the greatest compounding machine ever built. You park $397B in cash when you believe everything else is priced wrong.
When the greatest capital allocator alive refuses to allocate that's the signal.
Not the Fed minutes. Not the CPI print. Not the analyst upgrades.
This.
The patient money isn't waiting for a dip. It's waiting for a moment one that hasn't arrived yet.
When Buffett finally moves that $397B?
That's when you'll know the bottom is in.
Until then, he's telling you everything without saying a word.
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