"If you said to me most public companies at this point of any size are fully or overvalued in the stock market, I'd say there's a 90% chance that's true. Overvalued big cap companies are what he shopped for. If he's thinking recession, he's got something that's overvalued moving into an economy that's going to knock all valuations down."
"Buffett's decision to hold a large amount of cash suggests he believes public companies are overvalued and a recession could decrease their valuations further. His recent sale of Apple shares, particularly those with a higher cost basis, indicates a strategic approach to position himself for future market corrections or large acquisitions, much like during the 2008 financial crisis."
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