Buffett Joins Burry Preparing For A Crash: Are We Heading For The Big Short 2?

The OG GOAT, Warren Buffett, is ditching his Berkshire Hathaway stocks in favor of a massive cash reserve, and it’s getting people worried that cash = crash.

Buffett’s investment firm now has a record $381.7 billion cash stockpile, all tied down and waterproof for when the rain’s a-coming. Or hey, maybe this is just prudence, after all, the rest of the economy is up, Berkshire’s stock is down 2% so what do they know?

BUT… but, couple this with the latest news that Michael Burry was also seen stocking his fallout shelter, and well, we might have cause to worry.

The famed investor depicted in the Big Short movie disclosed his short position of $1.1 billion against Nvidia and Palantir stock, a sure sign that he thinks the AI bubble will soon burst.

Buffett-ed By The Storm

Orrrr, maybe it’s nothing, as this one article I found online explained it nicely, so I’m just going to copy it wholesale:

““If you feel like stocks are expensive, including your own shares, you’re eventually going to be right, but you can be wrong for a long time,” said James Shanahan, an analyst at Edward Jones who recently upgraded Berkshire to a “buy” rating. This echoes Buffett’s history of sitting on cash during frothy markets, only to deploy it during downturns — like the 2008 financial crisis when he snapped up bargains.”

…it’s not plagiarism when they’ve clearly used AI, right?

Buffett graph — Here’s a graph. Idk, is that useful to you at all?

Buffett (no relation to Jimmy) is due to step down as CEO of his investment firm next May, probably because he’s 95… NINETY FIVE?? Wtf guy? Five years off one hundred and he’s still investing? Still got the moves? Still hustling? Bro, you have enough money, it’s ok, you can retire…

So who’s to say what will happen? Since we’re not big-shot investors, the best we can do is keep our fingers crossed and hope we don’t see ‘The Big Short 2: Electric Boogaloo’ in theatres any time soon.

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