Overview
- Warren Buffett has been a net seller of equities for 12 consecutive quarters, the longest such run under his tenure.
- Berkshire Hathaway’s cash hoard reached a record roughly $381 billion in the third quarter of 2025, underscoring a cautious stance and preserving flexibility.
- The S&P 500’s Shiller CAPE ratio is near 40, a historically elevated reading that heightens concern about rich market valuations.
- Recent filings indicate Berkshire has added exposure to Alphabet while trimming its Apple stake since early 2023 as it selectively repositions.
- Financial outlets highlight Buffett’s approach as a model for investors to stay diversified, keep high‑conviction holdings, maintain cash, and avoid panic selling as 2026 approaches.