GOBankingRates Article on Warren Buffett

I am quoted in this article:

More Recent Buffett Moves and What They Mean

David Kass, clinical professor of finance at University of Maryland’s Robert H. Smith School of Business, noted that Buffett’s recent net sales of equities in Berkshire’s portfolio through Sept. 30 is indicative of his view that the stock market was fully valued, offering relatively few equity investments that were attractive at current prices and interest rates.

However, Kass added that on Dec. 13, Berkshire filed a Securities and Exchange Commission (SEC) form which revealed its purchase of an additional $590 million of shares in Occidental Petroleum a few days earlier, resulting in Berkshire increasing its stake in Occidental to more than 27%.

“Buffett’s previous cautious investment behavior in 2023 related to stock market valuation, and not a forecast of a recession,” he said. “Buffett historically has not altered his investment strategy based on macroeconomic forecasts. He is a long-term investor who holds on to his portfolio throughout economic cycles and adds to his equity investments over time.”