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Robert Kiyosaki says that Warren Buffett and Michael Berry are waiting for the stock to crash.
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The author of “Rich Dad Poor Dad” referred to Buffett hoarding cash and Burry shorting the market.
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Buffett and Bury are both value investors who excel at finding deals during market downturns.
Robert Kiyosaki says that Warren Buffett and Michael Berry are ready and waiting for the stocks to fall and show bargains.
“Buffett is on the sidelines with $147 billion, and his money in the Treasury is short-term,” Kiyosaki said.Cavuto: From coast to coast“Tuesday.” Michael Berry of The Big Short is shorting the market at the moment.
“I just watch these people wait for the market to crash and then come back,” added the author of “Rich Dad Poor Dad.” “It’s a lot of money right now.”
Buffett Berkshire Hathaway It sold $8 billion in net stock and slowed buybacks The last quarter. This led to a 13% increase in the total cash and treasury amount to nearly $147 billion.
Meanwhile, Burry’s Scion Asset Management a statement This week it is Bearish put options contract on the SPDR S&P 500 ETF Trust and Invesco QQQ Trust at the end of June. These ETFs track the S&P 500 and Nasdaq-100 benchmarks, respectively. Burry’s options mean that he will take profit if the indices go down.
Buffett didn’t explicitly predict the stock market crash, but he sold $33 billion in stocks on a net basis and increased Berkshire’s cash pile by $38 billion over the past three quarters. The bargain hunter now has plenty of dry powder to use in discount stocks and buyouts if the market goes down – just as he did during the Great Recession when he did deals with Goldman SachsAnd General ElectricAnd a lot last comp.
As for Barry, he is He said he was there historical bubble expect “The mother of all accidents. His short deals set off alarm bells, as he was one of the few people who anticipated and profited from the US housing market crash of 2008. Like Buffett, he is a value investor who specializes in spotting underpriced companies and seeks to cash in on sell-offs.
Kiyosaki says Buffett is hoarding cash and Barry is betting against benchmarks because they expect stocks to drop. While the head of Berkshire may have simply found little buying value, and the head of Scion may have hedged his portfolio, it is certainly possible that they view the stock market as overheated and destined for trouble.
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