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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 3 days ago by yogthos@lemmygrad.ml to c/us_news@lemmygrad.ml

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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/

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[–] yogthos@lemmygrad.ml 17 points 3 days ago (1 children)

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 2 days ago (1 children)

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

[–] yogthos@lemmygrad.ml 4 points 2 days ago* (last edited 2 days ago)

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