Over the past 6 months, I’ve gone to >35% cash in my tax-free retirement accounts with the foolish idea that I’m going to know when to re-enter the market. While that saved me from some of the downside, I have NO idea what the sign is that the market has bottomed or what or when to diversify into.
Buffet has amassed an unprecedented amount of cash. I think he will know when and how to reinvest in the market more than I will. Is it crazy to put the whole cash portion of my retirement portfolio (and maybe more) into BRK-A during this volatility assuming that the nice folks in Omaha know better than I ever will?