Warren Buffett Is Still Living Up to His 'Oracle' Nickname

Berkshire Hathaway Chairman and CEO Warren Buffett's celebrated New York Times op-ed titled, "Buy American. I Am.," which he wrote aft stocks collapsed and a recession was taking clasp successful October 2008, is going viral again this week.

In the piece, Buffett, now 94, says that the "financial world is simply a mess, some successful the United States and abroad" and the headlines "will proceed to beryllium scary" but he's "buying American stocks." And besides says rate equivalents are a "terrible semipermanent asset."

"Equities will almost surely outperform rate complete the adjacent decade," he writes.

Related: Worried About the Market? Here's How Warren Buffett, Ray Dalio, and Harvard University Protect Their Portfolios

However, complete the past 9 quarters, Buffett has sold ample stakes successful very high-profile companies, trading much than he's bought, per The Telegraph. He's boosted his rate stockpile by almost double — holding a record $325 cardinal successful cash.

Business Insider notes that Buffett and his squad sold a 67% liking successful their No. 1 holding (Apple) and 34% of their No. 2 (Bank of America) complete the first 9 aliases truthful months of 2024. Each banal has dropped (15% and 20%, respectively) since November.

And now that the banal marketplace has taken a monolithic dive this week, the lore surrounding the iconic investor is increasing moreover stronger.

In his 2008 piece, he wrote that he has "no thought what the marketplace will do successful the short term." But the net would request to differ.

He's called the "Oracle of Omaha," aft all.

Buffett sitting connected $320 cardinal successful cash: pic.twitter.com/MtTQhhugxL

Warren is simply a legend

In February, Buffett said successful his annual letter that Berkshire Hathaway paid much successful taxes successful 2024 than immoderate institution has ever paid the U.S. authorities successful a year.