When ‘idjits’ mock Warren Buffett, the stock market could be in trouble


Warren Buffett’s Berkshire Hathaway earlier this month posted a quarterly profit that easily topped Wall Street expectations, but analysts weren’t really all that focused on the bottom line. Rather, it was the conglomerate’s record cash balance of $128.2 billion that turned heads.

The question rained down: Why? With the bull market going strong and Berkshire BRK.A, -0.24% shares underperforming, analysts and investors alike questioned Buffett’s lack of putting that money to work.

In fact, earlier this year, one longtime shareholder decided to dump his entire Berkshire position because, as he put it, “thumb-sucking hasn’t cut the Heinz KHC, +1.19% mustard during the Great Bull Market.”

To read more:

Leave a Reply