**Warren Buffett has been taking profits and accumulating cash for sometime now, I believe he is sitting on a record amount of cash. Reddit folks be all:**
*"Warren Buffet must know something!!"*
*"Warren Buffett is the smartest investor evar!"*
*"Warren Buffett knowns what he's doing!!!"*
**Reddit investor who locked in profits and sitting on a mountain of cash. Reddit folks be all:**
*"Good luck timing the market!"*
*"oh so YOU know when the market is going to be at the very bottom??"*
*"You should buy on the dips, this is a once in a lifetime opportunity!!"*
*"Oh so you have a crystal ball?"*
The moral to the story is if you take a Buffett approach and base your investments on crazy things like fundamentals and the economic outlook you get shunned by the bogle cult. But if you ignore fundaments and economic indicators and outlook and just buy dip after dip because they are dips you're suddenly *smart*?
This is such a fun time in history to be an investor