When Warren Buffett starts stockpiling cash instead of deploying it, you’d better pay attention. As of today, Berkshire Hathaway is sitting on a staggering $325 billion in cash, which represents over 25% of its portfolio. That’s the highest percentage Buffett’s company has held in more than three decades. Now, ask yourself: what does one of the most disciplined investors in history know that you don’t? The likely answer: valuations are stretched to the breaking point. Valuations Are Flashing Red For years, we’ve been warning readers that the financial markets are a house of cards propped up by cheap money and blind optimism. Now, even Buffett seems reluctant to play the game. His favorite metric for gauging the health of the…
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