Warren Buffetts Warning: "It's Time"

[@shankarbalakrishnan2360]

What i miss most not fully working is the garbage in garbage out ❤❤🎉🎉u only grow by learning and deciding what u dont want to learn

[@neilcook1652]

My thinking is quickly aligning to this and looking to liquidate 30% of my portfolio to cash, to buy back in after the correction

[@JAO53JAO]

Buffet is forecasting tax changes and preferring to pay taxes now than wait for tax increases later, which he feels are inevitable. Smart move for him, but if you are in an IRA or 401K, that may or may not be smart for you. Buffet has also done unique deals with companies like B of A, that normal investors cannot do. Trying to copy Berkshires' buying is not possible for most people and probably not wise, However, it is hard to argue with his overall premise that we are overdue for a fall of significant proportion, and common sense says we should prepare our portfolios for this potential. Greed says "it won't happen to me", which are often famous last words. Buffet has gone 37% to cash, allowing him to still benefit from final stages of the melt-up (although at a reduced level), while still also being ready to cushion the blow of a dramatic downturn, and be prepared to buy when a bottom is reached. The man is just a great investor.