Warren Buffett, known as the “Oracle of Omaha,” has significantly reduced his exposure to U.S. stocks, warning of “scoundrels” and “fiscal folly.” He has instead invested in a handful of Japanese companies, signaling a shift towards more conservative strategies.
Buffett’s move comes as he holds over half of Berkshire Hathaway’s net assets in cash and Treasury bills, indicating a reduced appetite for risk. The billionaire investor’s decision may be seen as a cautionary tale about the dangers of fiscal irresponsibility and a warning to other investors to diversify their portfolios.
While Buffett’s reasons for this shift are unclear, his investment in Japanese companies suggests he is seeking more stable returns with lower volatility. This move may be part of a broader trend towards long-term investing, as Buffett has become increasingly “committed” to his investments.
As one of the most successful investors in history, Buffett’s decisions carry significant weight, making this move noteworthy and worth monitoring by investors and analysts alike.
Source: https://www.marketwatch.com/story/warren-buffett-warning-of-scoundrels-and-fiscal-folly-slashes-his-exposure-to-u-s-stocks-15c6e66a