Warren Buffett continues to take investors to school while the merger of actions reveals the strange wisdom of his recent movements

• The stock market crash Triggered by the world prices of President Donald Trump brought the investment movements of Warren Buffett during the past year in a new light, highlighting his prudence in the middle of the formerly unleashed bull market. His decision last year to lose most of the Berkshire Hathaway apples stock now seems particularly well timed.

The president of Berkshire Hathaway and the president of the CEO Warren Buffett in the past year now seems strangely well timed in the wake of the stock market caused by the world rates of President Donald Trump.

In the last two negotiation sessions, the S&P 500 crushed 10% and the wide market index is down 17% compared to its summit in mid-February. Meanwhile, the Nasdaq, heavy with technology and the Russell 2000 with small capitalization, are in territory of the bear market, having dropped more than 20% of their recent summits.

Since the announcement of Trump’s “Liberation Day” on Wednesday, US shares have lost more than $ 6 billions of market capitalization in the worst sale since the first days of the COVVI-19 pandemic in 2020, such as the Wall Street price in an American recession induced by tariff.

But Buffett seemed to anticipate a slowdown in the upcoming market. Berkshire sold $ 134 billion in stocks in 2024 – when the Haussier market was still raging – and was seated on a record battery of $ 334 billion at the end of the year. It is almost double compared to a year earlier and more than its portfolio of narrowing shares of $ 272 billion.

The famous investor focused on the value has also complained for years that the evaluations were too high and made it possible to use his money on major acquisitions due to a lack of good deals.

Most Berkshire species are in short -term cash flow bills, which not only offer a storm shelter, but also offer the conglomerate a tidy gain that Buffett noted in his last letter to the shareholders.

“We were helped by a significant predictable gain in placement income, because cash yields are improved and we have considerably increased our assets of these very liquid short-term titles,” he wrote in February.

In addition to what he bought, what he sold also stands out, given the market accident.

Last year, Berkshire reduced his Apple participation by around two thirds, representing the major part of the company’s equity sales, although the iPhone manufacturer remains his greatest holding of shares.

These sales of action, which occurred in the first three quarters of the year, also took place while Apple was still up, the actions culminating at the end of December.

But since this peak, Apple has collapsed by 28% while the American prices on China should hit particularly hard. Indeed, Apple, like many technological companies, is based on China for parts and manufacturing.

With Trump’s latest series of prices, imports from China are now 54%confronted. And if the administration follows its threat to impose a “secondary rate” on countries that buy Venezuela oil, the rate could reach 79%.

Meanwhile, Berkshire also unloaded the actions of Bank of America and Citigroup. The shares of the two banking giants are down approximately 22% so far this year.

On the other hand, Berkshire’s class B shares increased 9% this year, although they took a modest blow last week. The wide range of its companies, such as insurance, rail and energy, mainly focuses on the United States and less exposed to imports.

Consequently, the personal fortune of Buffett has increased this year, unlike those of its peers. According to the Bloomberg Billionaire index, its net value increased by $ 12.7 billion this year to give it a total of $ 155 billion, putting it in n ° 6 on the list and the attacker essentially with Bill Gates, whose fortune decreased by $ 3.38 billion.

Elon Musk remains n ° 1 with $ 302 billion, although it is down $ 130 billion in 2025, followed by Jeff Bezos with $ 193 billion, down $ 45.2 billion.

While Buffett observers are waiting to see if the recent market accident will finally encourage him to make a large acquisition or a purchase of shares, his February letter could offer an index.

“Berkshire shareholders can be assured that we will forever deploy a substantial majority of their money in actions-mainly American actions, although many of them will have international operations,” he wrote. “Berkshire Never Prefer ownership of assets equivalent to cash for the ownership of good companies, whether they are checked or only partially held. “”

This story was initially presented on Fortune.com