🔒 Boardroom Talk – Warren Buffett is selling stocks with the exception of one – his own

By Alec Hogg

At the top of my permanent to-do list is an update of my 2016 book, “How to Invest Like Warren Buffett,” which has sold out all of the 10,000 copies printed, making it a ‘best-seller’ in SA terms (bookshop owners tell me there are a mere 100,000 book readers in our young democracy — maybe that’s why we’re in such trouble).

I mention this as both a nudge to self, and justification for publication of the piece from our partners at the FT. Buffett is 93, but despite his advanced years, remains a beacon for many asset managers. So if the Oracle of Omaha is continuing to build his already record cashpile, it’s worth paying attention.

An interesting aside is that the only shares Buffett seems to find attractive right now are those of his own company. For many years, he studiously avoided share buy-backs. Recently, Berkshire has been accelerating its repurchases. A message in that for existing shareholders – and those seeking a safe home for their cash.        

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