Warren Buffett’s Oracle Wisdom: Still Relevant Today

Remember 2008? Scary times. Stocks crashed. The economy tanked. Then Warren Buffett, the “Oracle of Omaha,” wrote an op-ed in The New York Times .It was called “Buy American .I Am .”

And guess what? It’s making the rounds again.

Buffett, now 94, basically said the financial world was a mess. He knew headlines would be scary. But he was buying American stocks anyway. He also said holding too much cash was a bad idea over the long haul. Stocks would do better, he figured, over the next 10 years.

But Here’s the Thing. ..

Lately, Buffett’s been doing something different. Selling more stocks than he’s buying. A *lot* more. In fact, he’s almost doubled his cash pile. We’re talking a record $325 billion!

Think about that for a second.

He even sold big chunks of Apple (his #1 holding) and Bank of America (his #2). Since November, those stocks have taken a hit. Down 15% and 20%, respectively.

What’s Going On?

The stock market took a nosedive this week. And suddenly, everyone’s looking to Buffett for answers. After all, he’s the “Oracle. ”

In that 2008 piece, he admitted he had “no idea what the market will do in the short term. ” Fair enough. But still, the internet is buzzing.

Does this mean Buffett’s changed his tune? Is he worried about something we’re not seeing? Or is he just playing the long game, waiting for the right moment to pounce?

A Taxing Thought

Here’s another interesting tidbit: In his annual letter this past February, Buffett mentioned Berkshire Hathaway paid more in taxes in 2024 than any other company, ever. To the U. S. government, no less!

Talk about a contribution.

What do you think? Is Buffett still relevant today? Is his advice still worth following? Or has something changed?