Bezos has divested $12.5 billion worth of Amazon shares, while Warren Buffett has disposed of his Apple stock investments and is now sitting on a staggering $325 billion in cash reserves.

☆ Yσɠƚԋσʂ ☆ · 5 months ago

Bezos has divested $12.5 billion worth of Amazon shares, while Warren Buffett has disposed of his Apple stock investments and is now sitting on a staggering $325 billion in cash reserves.

☆ Yσɠƚԋσʂ ☆ · 5 months ago

I suspect another reason could be that they want to have cash on hand to buy things up when the crash happens. Every time there’s a crash we see a massive wealth transfer to the top, and billionaires are positioning too take advantage of the one that’s unfolding.

footfaults [none/use name] · 5 months ago

This is my suspicion as well since that’s how Buffet operated in 2008

☆ Yσɠƚԋσʂ ☆ · edit-2 5 months ago

Yup, he’s getting ready for the Black Friday for billionaires.