Warren Buffett’s Steady Watchfulness in a Hulu of Hoarding and Hustle
It was, in fact, the 11th consecutive quarter in which Buffett, the grandmaster of the ‘wait and see’ philosophy, turned his gaze away from the investment horizon’s bright shimmer and instead turned his attention to the contents of his cash cavern-$344 billion of it. That’s enough to bribe every wizard in the Guild of Alchemists and still have enough left over to buy a small country, or at least a really nice island with a golf course on it. During this period, he bought a modest $4 billion worth of stocks but was unambiguously eager to part company with about $7 billion worth-an act of financial spring cleaning that might have even made the Dowager Countess of Downton proud.