Everyone says Buffett is old now—he only holds cash and daydreams. Some even think he’s missed the AI and crypto party~

But in Q1 earnings, Berkshire piled up nearly $400 billion in cash (to be precise, 397.4 billion US dollars), essentially turning Berkshire into the world’s largest “savings bank”~
Why does “Old Buffett” say he’s waiting for the “last dance”?
14 quarters of restraint: 14 straight quarters of net stock selling—he even chopped a big chunk out of Apple, his own son~
This isn’t “de-risking”; it’s clearing the deck for some kind of systemic “grand finale.” History won’t repeat, but it sure rhymes: when he was mocked for being behind the times in 1999, and when he was labeled timid in 2007—everyone knows how it turned out~
One last graceful entry: at the age of 95, guarding a “nuclear arsenal” of nearly 400 billion US dollars, he’s not waiting for a 10% rebound, but for a once-in-history “ultimate sweep” that will let him finish his career with a perfect finale~
In the 2026 market—bigger storms mean pricier fish~
Don’t rush to mock the old man’s conservatism. In an era where “assets are worth more than face,” people holding cash truly have the real voting power. When the tide goes out, we’ll likely see Old Buffett in a tuxedo, elegantly stepping into that “last dance,” sweeping all the cheap chips scattered on the ground straight into his pocket~
Guess which unlucky (fortunate) sector Buffett’s 400 billion US dollars will finally smash into?
#巴菲特 #Berkshire Hathaway #危机 #Value Investing #CashIsKing