Buffett a net seller of stock for 3 quarters

[chang]

This caught my eye: finance.yahoo.com/news/buffett-berkshire-slows-share-repurchases-121054505.html

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Despite having more than $144 billion of funds at his disposal, the Berkshire Hathaway Inc. chief executive officer ended up taking a step back with his capital deployment during the second quarter. He repurchased just $6 billion of Berkshire stock, the lowest amount of buybacks since the middle of 2020, and was a net seller of other stocks for the third quarter in a row, according to the conglomerate's second-quarter earnings released Saturday.

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This is a reminder to me. Buffett can afford to lose more money than I can, so unless I am much smarter than he is, I should think about not being a more aggresive buyer than he.

[ignatz]

What's his long term record as a market timer? Better than buy and hold the SP?

As opposed to a business evaluator.

I think I've read about it, but cannot recall details.

[yogibearbull]

Many don't understand Buffett's actions (or inactions) since 2020 from BRK stock portfolio alone.

But I can see 2 reasonable explanations: 1) He is a deep-value buyer and the Fed stepped in too soon before things could get very ugly and the deep-value could dance on the graves. Other deep-value buyers had similar complaints. 2) His overall economic exposure on the operating side was very high and he couldn't look just at BRK stock portfolio in isolation.

Anyway, history happened and Buffett was left outside looking in.

[FD1000]

As YBB said, Buffett needs more time to implement his buys. 
VIX is back to 17 = risk is on.  The SP500 may go sideways for a while.  The 10 year treasury rate is backed off 1.3% = Fed in control.  Gold continues to go down.
I think it's a lot easier to just be invested all the time. 

[johntaylor]

PRWCX up 13 percent YTD, communic up 14 percent, so holding cards for now

[oldskeet]

Yes, I agree with FD1000 on it is best to stay invested for the longterm (within the confines of your asset allocation and risk tolernace, of course) and to let organic growth help grow your portfolio. At least, that is what I have done for the past 60+ years of my investing timeline. It is much like farming, some years are good and some are ... well ... not so good. Over a long period of time I have done quite well.