Is a market turning point coming? Throughout history, there have only been 5 times when Warren Buffett held more cash than stocks: 1969, 1987, 2000, 2008, and now 2026.

The previous four times were all on the eve of major crises.
Buffett stacking cash (including short-term investments) higher than stocks indicates he believes the market is too expensive and there are few good opportunities, and big trouble is imminent.

1969: The stock market was overheated. Buffett dissolved his partnership and nearly liquidated all stocks, shifting to cash.
1987: On the eve of the Black Monday stock crash, he significantly reduced his stock holdings.
2000: During the peak of the internet bubble, he greatly increased his cash reserves, which later burst.
2008: Before the financial crisis, his cash reserves were high. After the crisis erupted, he bought into Goldman Sachs and others, making huge profits.

Now, in 2026, this rare signal has reappeared — Berkshire's cash reserves hit a new high (around $380 billion in 2025, still over $370 billion at year-end), even surpassing the stocks held.

Buffett has repeatedly emphasized that cash is like "oxygen" — necessary but not an ideal asset. The main reason he accumulates cash is because he "can't find large-scale 'elephant-sized' opportunities" worth big investments, not just predicting crises.

He also points out that high cash reserves help maintain flexibility during market turbulence.

#BTC Wobbling! The more I look, the more it seems a big one is coming. Last time, the index was still at 68,000; now it's at 66,000.

All the altcoins are pumping because they’re eager to sell off.
#Gate广场四月发帖挑战 #创作者冲榜