When the biggest minds on Wall Street decide to make a significant move in their portfolios, retail investors better pay attention and attempt to reverse engineer the thinking and reasoning behind these moves. Today, investors can look at the recent 13-F filings from the Oracle of Omaha himself, Warren Buffett.
Buffett’s view on markets is taking the long view. Still, he has no issues reducing his exposure to the markets when and if valuations stop making sense for his strategy. Such an environment came in 1999 when Buffett mentioned in a CNN interview that he had been going into cash and selling some stock in anticipation of a lost decade in the S&P 500.
