Warren Buffett’s Berkshire Hathaway sold stocks and didn’t snap up bargains even as markets crumbled after ‘Liberation Day’

• The results of Berkshire Hathaway in the second quarter It showed that the group remained a net seller of stocks and continued to collect cash. This period includes a decrease in stock market in stocks and apostasy after president Donald Trump started the aggressive definitions on “Liberation Day” on April.

Berkshire Hathaway from Warren Buffett remained margin in the last quarter, even when the stock market maintained the definitions of “Liberation Day” to President Donald Trump and briefly presented a highly slope Pragie.

The results of the second quarter released on Saturday revealed that the group was a net seller for the eleventh quarter in a row. Berkshire dropped $ 6.92 billion in a quarter and bought $ 3.9 billion.

Meanwhile, the Buffett Monetary Pack continued in the largest, reaching a new increase of 344 billion dollars at the end of June, an increase of 333 billion dollars at the end of March. Berkshire also refrained from recycling the shares for the fourth quarter in a row.

A conscious investor of legendary value has led to the lack of good deals until now. This includes the possibilities for the large acquisitions of companies that can be folded in Berkshire as well as the main stock purchases of the portfolio.

Meanwhile, Buffett also avoided knee movements, and the stock market witnessed a decline in April, where Trump Wall Street shocked his aggressive definitions and then put them a few days later.

During the sales process, the S&P 500 is joking with the bear market area, where nearly 20 % of its highest level is diving. But the index since then has returned to the new records.

However, The Swoon also highlighted the strange Buffett timing, as it seemed to expect a shrinkage in the market last year by selling $ 134 billion in stocks in 2024 – when the bull market was still ready.

The fluctuations in the stock market also came as Pavite was considering moving away from its leadership role. In May, he announced that his successor, Greg Abel, must take over as CEO of Berkshire Hathaway by the year.

While Buffett is expected to remain the chairman of the board of directors, it may remain out of the dramatic moves to cleanse the ABEL floors, which had already assumed a greater leadership role before May.

Despite his recent hatred of the main purchases, Puffett’s annual letter of shareholders in February reaffirmed his commitment to the investor survival in stocks and companies, even as criticism continues.

“Berkshire shareholders can reassure us that we will forever spread a large majority of their money in stocks – most of them are from American stocks even though many of these operations will have international importance.” Berkshire will never The ownership of the monetary equivalent assets is preferred to ownership of good companies, whether controlled or partially owned only. “

Berkshire also stated that its operational profits, which exclude the impact of its investments, decreased by 4 % to $ 11.16 billion in the second quarter, with weakening insurance results. The company booked twice 3.8 billion dollars on the Kraft Heinz share, which represents its value to 8.4 billion dollars.

This story was originally shown on Fortune.com