64
Bezos has divested $12.5 billion worth of Amazon shares, while Warren Buffett has disposed of his Apple stock investments and is now sitting on a staggering $325 billion in cash reserves. (lemmygrad.ml)
submitted 5 days ago by yogthos@lemmygrad.ml to c/us_news@lemmygrad.ml
20 comments fedilink hide all child comments

These actions suggest that we may be standing at the precipice of the largest financial bubble in history, which they seem to believe is about to burst imminently.

https://breakingthenews.net/Article/Amazon%27s-Bezos-sells-dollar1.25B-worth-of-shares/63056547

https://www.wsj.com/finance/investing/does-warren-buffett-know-something-that-we-dont-48fabc9d

https://www.forexlive.com/stock-market-update/buffetts-berkshire-hathaway-hoarding-cash-in-a-pattern-seen-before-the-financial-crisis-20241112/

you are viewing a single comment's thread
view the rest of the comments
[-] yogthos@lemmygrad.ml 17 points 4 days ago

I suspect another reason could be that they want to have cash on hand to buy things up when the crash happens. Every time there's a crash we see a massive wealth transfer to the top, and billionaires are positioning too take advantage of the one that's unfolding.

[-] footfaults@hexbear.net 4 points 4 days ago

This is my suspicion as well since that's how Buffet operated in 2008

[-] yogthos@lemmygrad.ml 4 points 4 days ago* (last edited 4 days ago)

Yup, he's getting ready for the Black Friday for billionaires.

this post was submitted on 13 Nov 2024
64 points (98.5% liked)

US News

2048 readers
35 users here now

News from within the empire - From a leftist perspective

founded 5 years ago
MODERATORS
muad_dibber@lemmygrad.ml