Dow Futures Rocket but Warren Buffett’s $128 Billion Skips Overpriced Market

Dow Jones Industrial Average (DJIA) futures rocket 117 points on Monday thanks to US-China trade optimism. But billionaire Warren Buffett remains cautious of market prices, pulling out of an acquisition deal after being outbid. Berkshire Hathaway still sits on a record $128 billion cash pile, reluctant to enter a frothy market. Dow Jones Industrial Average …

Is Warren Buffett Unconvinced of Stock Market Rally?

Berkshire Hathaway is holding $128.2 billion in cash. With no big deal in four years, Buffett seems to be unfazed by the stock market rally. | Credit: AP/Nati Harnik Berkshire Hathaway is holding $128.2 billion in cash, according to its quarterly report. With no big deal in four years, Warren Buffett seems to be unfazed by …

Warren Buffett Is Wrong on Cannabis And It’s Hurting Coca-Cola’s Stock

By CCN: In an interview with Fox Business, Warren Buffett and Charlie Munger of Berkshire Hathaway revealed they would not be a fan of Coca-Cola getting into the cannabis business. Munger said: “It would be a big mistake. [Coca-Cola has] got such a wholesome image and cannabis doesn’t. It’s that simple.” Buffett added: “There’s something …

Warren Buffett Buys Amazon Stock; is ‘Rat Poison’ Bitcoin Next?

By CCN.com: Berkshire Hathaway just bought its first Amazon shares, Berkshire founder and CEO Warren Buffett revealed to CNBC Thursday night. On the eve of an annual Berkshire shareholders meeting in Omaha, Buffett told CNBC that someone at Berkshire’s asset management desk just invested in some Amazon shares, but “it wasn’t me.” “One of the …