Billionaire Warren Buffett Is Predicting a Stock Market Crash; Is He Right?

By: Laura Hoy

The Oracle of Omaha’s Berkshire Hathaway (NYSE: BRK) had cashed out nearly 60% of its investment portfolio at the end of June according to an SEC filing. The $122 billion cash pile is unusual for Buffett, who typically puts his money to work through acquisitions, stock buybacks or equity purchases.

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