Berkshire Hathaway Holds $370B, Buffett Warns on Market Risks

Warren Buffett oversaw net selling of holdings during his final quarter as CEO of Berkshire Hathaway, ending with about $370 billion in cash and equivalents. He expressed concerns about market conditions, highlighting that the S&P 500 index's valuation is at an all-time high of 237%, and the CAPE ratio is at 42.2, a level previously seen during the dot-com era. Buffett noted a lack of attractive investment opportunities, indicating a potentially risky market environment. For ordinary investors, this suggests caution as the current valuations may not support long-term returns.